TOK Commercial is pleased to present the offering of 704 E. United Heritage Court in Central Meridian. Located in the heart of the Treasure Valley with excellent proximity to I-84, this 18,626 square foot professional office building sits on 1.82 acres in the highly flexible and desirable CG (General Commercial) zoning district.
The asset is currently 78% leased to strong tenants including Simplicity, DKS Associates, Inc., and E4 Connect, with one 4,088 SF vacant suite remaining. The property is located in one of the highest-demand submarkets for office with vacancy currently at 1.31%.
A buyer could immediately occupy the vacancy or take advantage of the seller’s one-year rent guarantee while they lease it up. The offering price of $3,950,000 reflects a 6.4% pro forma cap rate and is well below replacement cost at $212.00/SF. All three existing leases include 3% annual rate increases and are at below-market rates, offering excellent upside.
With high visibility, strong surrounding demographics and co-tenancy, and maximum zoning flexibility, 704 E. United Heritage Court is a rare opportunity to acquire or lease in one of Idaho’s most dynamic growth corridors.