2760 W Excursion Dr - Office FOR SALE


Meridian, ID 83642- Southwest Meridian
$29,187,000 USD
208-678-6288
2760 W Excursion Dr, Meridian, ID for Sale
$29,187,000 USD
Office - FOR SALE
1/11
null | 7.25% Cap Rate

2760 W Excursion Dr
Meridian, ID 83642
Southwest Meridian


HIGHLIGHTS

  • HIGH-IMAGE, INSTITUTIONAL-QUALITY OFFICE INVESTMENT OPPORTUNITY
  • EXCEPTIONAL LOCATION WITH LONG-TERM GROWTH DRIVERS

OVERVIEW

HIGH-IMAGE, INSTITUTIONAL-QUALITY OFFICE INVESTMENT OPPORTUNITY * AMERIBEN (FINANCE & INSURANCE) - Berkley North Pacific (Finance & Insurance) - J-U-B Engineers (Professional & Technical Services) * HIGH-CALIBER AMENITIES & BUILD-OUT - On-Site Features: Cafeteria, auditorium, multiple private offices, open work zones, breakroom, and specialized spaces like a podcast/video studio. - Plentiful Parking: Access to 525 parking stalls for 4.5/1,000 SF parking ratio. * MARKET & DEMOGRAPHIC INSIGHTS - Market: Meridian is the fastest growing submarket in the Boise MSA. - Population Growth: Projected +19.2% by 2029. 3 mile: ~61,500 projected +13.8%. - Household Income: 2025 Avg HH Income for Meridian $142,982 * ANCHORS & TENANTS - Major Retail Anchor: Scheels flagship (~145 K visits/month) opened April 2024, accompanied by associated retail like Starbucks, Dutch Bros, Chick-fil-A. - Office Tenants: Notable occupants include Paylocity, Ameriben, J-U-B Engineers, Saint Alphonsus Urgent Care Ten Mile Clinic, Primary Health, Brighton Corp. - Service & Lifestyle Providers: Features Idaho Central Credit Union, urgent care, fitness amenities, car wash, boutique retail, and restaurants. * RESIDENTIAL & CONNECTIVITY - Multifamily developments: Altair, The Flats, The Lofts (smart/luxury apartments). * EXPANSION & ADJACENT DEVELOPMENT - The District at Ten Mile: A connected ±200 acre project immediately adjacent; approved for zoning in Oct 2024; Features retail, housing (~400 multifamily units), movie theater, hotels, offices, light industrial, underpass and collector road connecting to Ten Mile Crossing. * MARKET POSITION & FUTURE IMPACT - Submarket Transform: Originally a planned lifestyle center (not implemented); has since emerged as a major regional gateway with 50% of the site developed - Economic Draw: Scheels catalyzed growth; now supported by strong demographic trends, high traffic visibility (~118 K cars/day I 84, 27 K on Ten Mile).

FOR SALE DETAILS

PRICE

$29,187,000 USD

PRICE/SF

$249 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ten Mile Crossing Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

525

LAND DETAILS

LAND ACRES

1.45 AC

LAND SF

63,162 SF

ZONING

C-G

APN/PARCEL ID

R8484000175

ASK ABOUT THIS PROPERTY

Kurt GreggCBREMore Info
208-678-6288

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Kurt GreggCBREMore Info
208-678-6288

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