350-398 N Mitchell St - Office FOR SALE


Boise, ID 83704- West Bench
$7,550,000 USD
208-947-0853
350-398 N Mitchell St, Boise, ID for Sale
$7,550,000 USD
Office - FOR SALE
1/10
null | 7.5% Cap Rate

350-398 N Mitchell St
Boise, ID 83704
West Bench


HIGHLIGHTS

  • 7.5% cap rate with $566,117 in-place NOI on a $7,550,000 price, offering immediate, stable cash flow in today’s market.
  • 87% leased to established, credit-quality tenants including Zayo, Bartlett Roofing, Giltner Logistics, and Accel Therapies, all on NNN leases.
  • Currently 5,625 SF (13%) of vacant space. Bartlett Homes & Roofing (17,404 SF or 40.3% rentable area) has a lease expiration of 08/31/27.
  • Prime West Boise location along a highly active corridor with strong demographics, visibility, and proximity to major employers and retail.
  • Robust building infrastructure including a 645 kW Generac emergency generator (3-phase, 277/480V)

OVERVIEW

Cottonwood Plaza presents a rare opportunity to acquire a 43,142 SF multi-tenant office building in the heart of West Boise at a compelling 7.5% cap rate. Built in 2000 and currently 87% occupied, the property is home to four nationally recognized tenants — Zayo, Bartlett Roofing, Giltner Logistics, and Accel Therapies — all operating under NNN leases with 3% annual rent escalations. Bartlett Roofing has notified ownership that they expect to vacate at their lease expiration of 08/31/2027. With the current NOI of $566,117 and 5,625 SF currently vacant and Bartlett Roofing’s 17,404 SF becoming available on 09/01/2027, there is meaningful vacancy that an owner-user or value-add investor could benefit from. Priced at $7,550,000 ($175/SF), Cottonwood Plaza offers an attractive opportunity for an owner-user to secure immediate occupancy with the ability to expand as Bartlett Roofing’s near-term lease expiration creates additional availability, while benefiting from current income generated by Zayo, Accel Therapies, Giltner Logistics and Bartlett Roofing (through 08/31/2027). It also suits value add investors seeking a well located West Boise asset with stable cash flow today and meaningful upside through lease up and re tenanting of space turning over in 2027.

FOR SALE DETAILS

PRICE

$7,550,000 USD

PRICE/SF

$175 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Cottonwood Plaza

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

250

LAND DETAILS

LAND ACRES

4.09 AC

LAND SF

178,160 SF

ZONING

M-1D

APN/PARCEL ID

R1573670486

ASK ABOUT THIS PROPERTY

Kekaula KanihoTOK CommercialMore Info
208-947-0853

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Kekaula KanihoTOK CommercialMore Info
208-947-0853

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