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346 Grand Loop, Rexburg, ID

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346 Grand Loop

Rexburg, ID 83440

Property Type:Office Sub Type:- Status:Existing Year Built:2008
Stories:2 Typical Floor:11,018 SF Building Size:22,036 SF
For Sale Price:$2,400,000 Price/SF:$108.91
Cap Rate:9.75 %
Amenities:24 Hour Availability, Controlled Access, Signage

Near BYU

Sale Notes:
Quality, near new, professional building in well established professional park. All leases are true triple net @ $12.27/avg plus tenants pro-rated portion of common expenses. Expenses are paid by owner and billed out to tenants. Total SqFt on building is 22,036 stated in appraisal while the billable space is 18,276( 2,134 is common area space) total Billabale space is 20,410. All Tenants ave been in place since 2009.

Rexburg is the home of BYU-Idaho, a privately owned university of the LDS church. BYU-I runs a full three semester track vs. a standard two semester track allowing more students to stay year round thus increasing the strength of the local economy and the community. The capacity of BYU-I is not at its peak and there is a 20% increase scheduled by fall of 2015. With only 1/3 of the real estate owned by BYU-I having been developed so far, the future is bright and optimistic. The quality of the students graduating from the university attract many business' s from across the country. Many business owners look to Rexburg as a great source of employment and efficiency to run a business as the local area offers excellent living conditions and low cost of living.
US-20 E/Ribgy , take exit 332 , turn onto S Highway 191 to Grand Loop

Venture One Properties
Shane Murphy
(208) 542-7979 x102

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