201-205 Shoshone St N - Loft/Creative Space FOR SALE


Twin Falls, ID 83301
$6,532,738 USD
510-846-4420
201-205 Shoshone St N, Twin Falls, ID for Sale
$6,532,738 USD
Loft/Creative Space - FOR SALE
1/37
null | 6.5% Cap Rate

201-205 Shoshone St N
Twin Falls, ID 83301


HIGHLIGHTS

  • Beautifully restored historic building in Downtown core
  • Passive investment with onsite property management and leasing
  • Qualifies for significant Bonus Depreciation tax offsets
  • Diverse office tenant mix including established restaurant/brewery operation
  • Priced well below replacement cost (+/- $500 PSF)

OVERVIEW

Constructed in 1922 and renovated in 2018, the Historic Elks Lodge Building is an irreplaceable historic creative office and retail trophy asset in a fast growing market. The building is leased to eight office tenants and one restaurant/brewery on the ground floor. All leases are structured on a NNN basis for passive ownership with onsite property management and leasing and near term upside in rents. A new owner can immediately reap significant tax offsets with accelerated bonus depreciation.

FOR SALE DETAILS

PRICE

$6,532,738 USD

PRICE/SF

$182 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Historic Elks Lodge

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1921

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,937 SF

ZONING

CB

APN/PARCEL ID

RPT0001071029AA

ASK ABOUT THIS PROPERTY

Matt CurrieCM CommercialMore Info
510-846-4420

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Matt CurrieCM CommercialMore Info
510-846-4420

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.