3402 Franklin Rd
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3402 Franklin Rd
47,626 SF Office Building Caldwell, ID 83605 £5,266,575 (£111/SF) 7.38% Net Initial Yield
Executive Summary
Introducing 3402 Franklin Road, a lucrative investment opportunity in Caldwell, Idaho! This fully leased office building boasts a strong 7.376% CAP rate, generating $709,627 in annual gross rent with fixed operating costs. The property features a 47,626 square foot building on 5.73 acres, strategically located at the intersection of Franklin Road and Interstate 84. Serving as a cornerstone to the Idaho State Department of Health and Welfare, a long-term tenant with a new lease extension, this property offers stability and growth potential. The Treasure Valley region is one of the fastest-growing in the country, positioning this asset for continued success. Don't miss the chance to own a prime commercial property with a reliable tenant in a high-demand area.
Contact Shawn Barton at 208-329-4610 for more details. Visit Shawn.KeytoIdaho.com for additional information. Secure your investment in 3402 Franklin Road today!
Contact Shawn Barton at 208-329-4610 for more details. Visit Shawn.KeytoIdaho.com for additional information. Secure your investment in 3402 Franklin Road today!
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
47,626 SF
Building Class
B
Year Built/Renovated
2001/2019
Price
£5,266,575
Price Per SF
£111
Net Initial Yield
7.38%
NOI
£388,673
Tenancy
Single
Number of Floors
1
Typical Floor Size
47,626 SF
Building FAR
0.19
Land Acres
5.73 AC
Zoning
C
Parking
252 Spaces (5.29 Spaces per 1,000 SF Leased)
Amenities
- Central Heating
- Air Conditioning
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PROPERTY TAXES
Parcel Number | 3530830200 | Improvements Assessment | £4,903,311 |
Land Assessment | £2,481,728 | Total Assessment | £7,385,040 |
PROPERTY TAXES
Parcel Number
3530830200
Land Assessment
£2,481,728
Improvements Assessment
£4,903,311
Total Assessment
£7,385,040
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3402 Franklin Rd
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