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121 N Phillippi St

35,400 SF 100% Leased Industrial Building Boise, ID 83706 £4,694,700 (£133/SF)

Investment Highlights

  • Fully occupied buildings, at below market rents, with short remaining lease terms, creating opportunities for near term upside and owner-users
  • Leases expire in 2025, 2026, 2029
  • Average in place rents are $0.45 SF/mo modified gross

Executive Summary

This 35,440 SF industrial property, built in 1987, offers a strategic location and I-1 zoning, perfectly suited for warehouse and distribution operations. Currently fully occupied with below market rents and short remaining lease terms, this property presents compelling near-term upside potential for investors.

Attachments

121 North Phillippi Street OM

Property Facts

Price £4,694,700 Number of Floors 1
Price Per SF £133 Year Built 1987
Sale Type Investment Parking Ratio 0.71/1,000 SF
Property Type Industrial Clear Ceiling Height 22 ft
Property Subtype Warehouse No. Dock-High Doors/Loading 2
Building Class C Level Access Doors 2
Lot Size 1.59 AC Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Rentable Building Area 35,400 SF
Price £4,694,700
Price Per SF £133
Sale Type Investment
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 1.59 AC
Rentable Building Area 35,400 SF
Number of Floors 1
Year Built 1987
Parking Ratio 0.71/1,000 SF
Clear Ceiling Height 22 ft
No. Dock-High Doors/Loading 2
Level Access Doors 2
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Links

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Bike Score ®
Very Bikeable (79)
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PROPERTY TAXES

Parcel Number R7777811029 Improvements Assessment £0
Land Assessment £0 Total Assessment £3,982,514

PROPERTY TAXES

Parcel Number
R7777811029
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£3,982,514

zoning

Zoning Code I-1
I-1
(208) 947-0814

Contact

  • Listing ID: 34094269

  • Date on Market: 05/12/2024

  • Last Updated:

  • Address: 121 N Phillippi St, Boise, ID 83706

The Industrial Property at 121 N Phillippi St, Boise, ID 83706 is currently available for sale. Contact TOK Commercial for more information.

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121 N Phillippi St, Boise, ID for sale Building Photo- Image 1 of 8
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121 N Phillippi St, Boise, ID for sale Building Photo- Image 2 of 8
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121 N Phillippi St, Boise, ID for sale Interior Photo- Image 3 of 8
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121 N Phillippi St, Boise, ID for sale Interior Photo- Image 4 of 8
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121 N Phillippi St, Boise, ID for sale Interior Photo- Image 5 of 8
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121 N Phillippi St, Boise, ID for sale Floor Plan- Image 6 of 8
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121 N Phillippi St, Boise, ID for sale Site Plan- Image 7 of 8
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© 2024 CoStar Group

121 N Phillippi St
(208) 947-0814 x

121 N Phillippi St

John Stevens

(208) 947-0814

(208) 947-0814

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