5123 N Sawyer Ave - Warehouse FOR SALE


Garden City, ID 83714- Northwest Section
$2,725,000 USD
503-957-7945
5123 N Sawyer Ave, Garden City, ID for Sale
$2,725,000 USD
Warehouse - FOR SALE
1/5
null | 5.5% Cap Rate

5123 N Sawyer Ave
Garden City, ID 83714
Northwest Section


HIGHLIGHTS

  • Brand-new 10-year Absolute NNN lease with 10% rent increases every 5 years to be executed at closing.
  • All Valley Fireplace is a well-established operator with an average annual sales increase over the prior year of 16%.
  • Significant capital improvements completed by Ownership totaling over $500K, including a new roof, HVAC systems, and lighting.
  • The industrial submarket maintains a historically low 2.3% vacancy rate for spaces up to 20K SF within a five-mile radius.
  • Strategic location just minutes from downtown Boise with convenient access to I-184, benefiting from excellent regional connectivity
  • Affluent, dense, and rapidly-growing market with average annual incomes of $113k.

OVERVIEW

The Offering provides the opportunity to acquire All Valley Fireplace, an attractive, 9,200 SF freestanding industrial building located in Garden City, Idaho, within one of the fastest-growing submarkets in the U.S. The Seller operates All Valley Fireplace out of the building and will execute a brand new 10-year Absolute NNN lease at closing that will include 10% scheduled rent increases every five years, including at the start of all 4, 5-year options. Current Ownership has invested over $500K into property upgrades, including but not exclusive to, a new roof, and lighting and HVAC systems. The Property benefits from a tight industrial submarket with a historically low 2.3% vacancy rate within a five-mile radius up to 20K SF and is located minutes from downtown Boise, with excellent access to I-184 and connectivity to major arterials.

FOR SALE DETAILS

PRICE

$2,725,000 USD

PRICE/SF

$298 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

All Valley Fireplace

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

6

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.56

LAND SF

24,394

ZONING

C-2

APN/PARCEL ID

R7851270010

ASK ABOUT THIS PROPERTY

Sean MackNorthmarqMore Info
503-957-7945

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Sean MackNorthmarqMore Info
503-957-7945

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