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346 Grand Loop, Rexburg, ID

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DetailMap
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
% Leased:
For Sale Price:$2,400,000 Price/SF:$108.91
Cap Rate:8.65 %
Smallest Space:889 SF Largest Space:5,037 SF Total Space Avail:8,297 SF Rent/SF/Yr:
$14.00
Amenities:24 Hour Availability, Controlled Access, Signage


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
1,242 SF-5,037 SF
$14.00/SF/Yr
Vacant
Negotiable
Office
 2nd
889 SF-3,260 SF
$14.00/SF/Yr
Vacant
Negotiable
Office
 
8357503
10014429
Floor Plan
  
Marketing Flyer Marketing Flyer  
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
1,242 SF-5,037 SF
$14.00/SF/Yr
Vacant
Negotiable
Office
2nd
889 SF-3,260 SF
$14.00/SF/Yr
Vacant
Negotiable
Office
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.

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


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



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