This investment opportunity is for the interest in Overland Retail Plaza, a 16,514 SF square foot retail center sitting on nearly 1.5 acres. The center is located in a strong retail trade area next to Boise Spectrum Complex and is shadow-anchored by strong national retailers including Walmart Supercenter, Lowe’s Home Improvement and Costco. Investor will benefit from achieving increased rents in the center over time. Current rents are below market ($15.50 psf NNN average), creating great stability with existing tenants. Investor also has opportunity to assume attractive loan (4.49 % rate, 10 yr amortization).High traffic counts are 93,500 vehicles per day at the I-84 and W Overland Road interchange and over 35,400 vehicles per day directly in front of the center on W Overland Road
- Price:
- $5,000,000
- Square Footage:
- 16,960
- Acreage:
- 1.42
- Listing ID #:
- 98853605
- Street Address:
- 8249 W Overland Rd
- City:
- Boise
- State:
- Idaho
- Postal Code:
- 83709
- County:
- Ada
- Community:
- Boise South - 0500
- Listing Status:
- Active
- Listing Type:
- Commercial Sale
- Construction Type:
- Concrete, Frame, Stucco
- Features:
- Lighting
- Flooring:
- Concrete, Other
- Has Handicap Features:
- Handicap Access
- Number Of Units:
- 9
- Total Building Square Footage:
- 16960
- Business Type:
- Commercial
- Lot Features:
- 1 - 4.99 Acres, Lawn Sprinklers, On City Bus Route
- Lot Size:
- 1.42
- Lot Square Footage:
- 61855.2
- Suitable Use:
- Land Suitable(office, Retail), Office Suitable(business Park, Office Building), Retail Suitable(restaurant/Bar, Business Park, Free Standing Building, Retail Pad, Street Retail), Shopping Center Suitable(strip Center)
- Days On Market:
- 310
- For Sale Or Lease?:
- For Sale
- Originating Mls:
- Imls 2
- Terms:
- Cash, Conventional
- Cooling System:
- Central Air
- Existing Water:
- City Service
- Has Central Air Conditioning:
- Yes
- Heating:
- Electric, Forced Air, Natural Gas, Hot Water
- Utilities:
- Sewer Connected, Propane
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By Good Vibes Real Estate
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