This investment opportunity is for the interest in Overland Retail Plaza, a 16,514 SF square foot retail center sitting on nearly 1.5 acres. The center is located in a strong retail trade area next to Boise Spectrum Complex and is shadow-anchored by strong national retailers including Walmart Supercenter, Lowe’s Home Improvement and Costco. Investor will benefit from achieving increased rents in the center over time. Current rents are below market ($15.50 psf NNN average), creating great stability with existing tenants. Investor also has opportunity to assume attractive loan (4.49 % rate, 10 yr amortization).High traffic counts are 93,500 vehicles per day at the I-84 and W Overland Road interchange and over 35,400 vehicles per day directly in front of the center on W Overland Road
- Price:
- $5,000,000
- Bedrooms:
- 0
- Full Baths:
- 0
- Square Footage:
- 16,960
- Acreage:
- 1.42
- MLS #:
- 98853605
- Street Address:
- 8249 W Overland Rd
- City:
- Boise
- State:
- ID
- Postal Code:
- 83709
- County:
- Ada
- Area:
- Boise South - 0500
- Listing Status:
- For Sale - Active
Building
- Construction Type:
- Concrete, Frame, Stucco
- Features:
- Lighting
- Flooring:
- Concrete, Other
- Has Handicap Features:
- Handicap Access
- Number Of Units:
- 9
- Total Building Square Footage:
- 16960
Business
- Business Type:
- Commercial
Land
- Lot Features:
- 1 - 4.99 Acres, Lawn Sprinklers, On City Bus Route
- Lot Size:
- 1.42
- Lot Square Footage:
- 61855.2
- Suitable Use:
- Land Suitable(office, Retail), Office Suitable(business Park, Office Building), Retail Suitable(restaurant/
Bar, Business Park, Free Standing Building, Retail Pad, Street Retail), Shopping Center Suitable(strip Center)
Listing
- Days On Market:
- 50
- For Sale Or Lease?:
- For Sale
- Originating Mls:
- Imls 2
- Terms:
- Cash, Conventional
Systems
- Cooling System:
- Central Air
- Existing Water:
- City Service
- Has Central Air Conditioning:
- Yes
- Heating:
- Electric, Forced Air, Natural Gas, Hot Water
- Utilities:
- Sewer Connected, Propane
Source
-
Listing Provided By Good Vibes Real Estate
Information provided by IMLS is deemed reliable but not guaranteed. IMLS data is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All listings provided by IMLS are displayed with the IMLS IDX logo.
