For Sale - 2752 S. Liberty Street - Adler Industrial
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For Sale
Owner User/
Investment Property
36,450 SF
Industrial Building
O | GE M S
AH T
D
A
I
2752 S. Liberty Street
TE
✴ Boise, ID 83709
CONTENTS
SECTION 01
EXECUTIVE SUMMARY
03
[ ]
SECTION
INVESTMENT HIGHLIGHTS . . . . . . . . 4 LOCATION
FLOOR PLAN . . . . . . . . . . . . . . . . . . . . . 5
LOCATION MAP . . . . . . . . . . . . . . . . . 09
NEARBY AMENITIES . . . . . . . . . . . . . 10
BOISE STATISTICS. . . . . . . . . . . . . . . . 11
SECTION 02
MARKET STATISTICS
SECTION 04
INDUSTRIAL MARKET STATISTICS . .07 DEMOGRAPHICS
QUICK STATS . . . . . . . . . . . . . . . . . . .13
SUBMARKET . . . . . . . . . . . . . . . . . . . . 14
MARKET . . . . . . . . . . . . . . . . . . . . . . . .15
INDUSTRIAL OFFERING MEMORANDUM | 2
SECTION 01
EXECUTIVE SUMMARY
INVESTMENT HIGHLIGHTS . . . . . . .04
SITE PLAN . . . . . . . . . . . . . . . . . . . . . . 05
INDUSTRIAL OFFERING MEMORANDUM | 3
THIS 36,450 SF INDUSTRIAL BUILDING INVESTMENT HIGHLIGHTS
IS LOCATED MINUTES FROM THE BOISE
AIRPORT AND DOWNTOWN BOISE, ID
Lee & Associates is pleased to present this rare Industri-
al Owner User Investment property, with income, for sale.
This 36,450 SF industrial building currently has 16,450 SF
leased, and a 20,000 SF availability for an Owner User/New
Tenant. The available space includes: 1,200 square feet of of-
fice, reception, three offices, break room, and two restrooms.
****Contact agent for showing and lease details, please do
not disturb the tenant.
PRICE: $3,195,000
BUILDING SF: 36,450
PRICE PER SF: $87.65
ZONING: M-1D
BUILDING TYPE: WHS/DIST
AVAILABLE SF: 20,000
CLEAR HEIGHT: 16’
DOCK HIGH DOORS: 5
FINANCIALS: CONTACT AGENT
OCCUPANCY . . . . . . . . . . . . . . 45.1%
PROPOSAL FOR SERVICES | 3
SITE AREA . . . . . . . . . . . . . . . . . 1.67 AC
PARKING . . . . . . . . . . . . . . . . . . 20 Stalls
FREEWAY ACCESS . . . . . . . . . . 1.1 Miles
INDUSTRIAL OFFERING MEMORANDUM | 4
PROPOSAL FOR SERVICES | 3
SITE PLAN INDUSTRIAL OFFERING MEMORANDUM | 5
SECTION 02
MARKET STATISTICS
INDUSTRIAL MARKET STATISTICS . .07
INDUSTRIAL OFFERING MEMORANDUM | 6
INDUSTRIAL MARKET STATISTICS
Market Rent Growth YOY Sales Volume & Price Per SF
Market Rent Per SF Sales Volume & Market Sale Price Per SF
$9.00
$140 $20M
Forecast
Forecast
$130 $18M
$8.50
$120 $16M
$8.00
$110 $14M
$7.50
$100 $12M
Market Sale Price/SF
Sales Volume
$7.00 $90 $10M
$80 $8M
$6.50
$70 $6M
$6.00
$60 $4M
$5.50
$50 $2M
$40 $0
$5.00
09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24
16 17 18 19 20 21 22 23 24
© 2019 CoStar Realty Information Inc. 08/12/2019
© 2019 CoStar Realty Information Inc. 08/27/2019
INDUSTRIAL OFFERING MEMORANDUM | 7
SECTION 03
LOCATION
LOCATION MAP . . . . . . . . . . . . . . . . . 09
NEARBY AMENITIES . . . . . . . . . . . . . 10
LOCATION . . . . . . . . . . . . . . . . . . . . . . 11
INDUSTRIAL OFFERING MEMORANDUM | 8
LOCATION MAP INDUSTRIAL OFFERING MEMORANDUM | 9
NEARBY AMENITIES
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Boise Airport GROCERY .
.
(BOI) Costco Wholesale, .
2.3 Miles Away Albertsons, .
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Walmart .
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FOOD SERVICE & .
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Black Bear Diner, Good- OTHER .
wood BBQ, Cracker Barrel, .
Wells Fargo, The UPS .
Idaho Pizza Company, .
Ledgends Pub & Grill Store, Starbucks, Anytime .
Fitness, Ross, Big 5, REI, .
.
The Home Depot .
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Retail & .
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Entertainment .
Boise Towne Square, .
Franklin Towne Plaza, .
.
Boise Spectrum Center .
INDUSTRIAL OFFERING MEMORANDUM | 10BOISE STATIS-
Boise, Idaho is the state capital, the third largest city in the Pacific Northwest, and the county seat of Ada
County. Located on the Boise River in southwestern Idaho, the population of Boise is currently 241,368. Once
a hub for extraction industries, the city is now a center for high tech, agribusiness, food processing, shared
services, manufacturing and state government. The major employers located in Boise include Albertsons, J.R.
Simplot Company, Idaho Pacific Lumber Company, Idaho Timber, WinCo Foods, Bodybuilding.com and 2.6% Unemployment
Clearwater Analytics. Other major industries have a presence in Boise such as Hewlett Packard and Wal-Mart. Rate
1.3% Lower than
National Average
Boise is an attractive destination for businesses seeking lower prices than those in California or FORBES
Washington, where, per a KPMG report, the cost of doing business is roughly a third higher. Boise #2
housing prices are also substantially more affordable. Metro employers benefit from a healthy university PLACE
pipeline, with several institutions of higher education. Boise State University, the largest, enrolls TO LIVE
around 26,000 students and employs 2,400 fulltime employees. Other major metro employers include
Micron Technology, which employs roughly 6,700, and Hewlett-Packard, with about 2,000 workers.
For more information on the Treasure Valley’s Accolades, please visit: INDUSTRIAL OFFERING MEMORANDUM | 11
www.bvep.org
www.compassidaho.orgSECTION 04
DEMOGRAPHICS
QUICK STATS . . . . . . . . . . . . . . . . . . .13
SUBMARKET . . . . . . . . . . . . . . . . . . . . 14
MARKET . . . . . . . . . . . . . . . . . . . . . . . .15
INDUSTRIAL OFFERING MEMORANDUM | 12QUICK STATISTICS
BOISE, IDAHO
226,000
2019 Population
MILES TO DOWNTOWN BOISE MILES TO I-84
5.8 1.1
.
.
.
. “This is a unique opportunity to purchase a quality industrial asset Miles Miles
.
.
.
.
below replacement cost, with additional tenant revenue, and upside.”
.
.
. - Shaun Wardle
INDUSTRIAL OFFERING MEMORANDUM | 13SUBMARKET
DEMOGRAPHIC HIGHLIGHTS
This industrial property is positioned in one of the
busiest submarkets in Boise. With a population of over
226,000 residents, Boise is one of the fastest growing
cities in the United States. The population has nearly
doubled since 1990 and is expected to increase an addi-
tional 3% by 2024.
2019 POPULATION 5 MILE
& INCOME
RADIUS
Median Income
$54,477
[ ]
Population
218,000
2019 POPULATION
& INCOME 3 MILE
Median Income RADIUS
$53,238
1 MILE
Population RADIUS
85,247
2019 POPULATION
& INCOME
Median Income
$50,553
Population
7,894
INDUSTRIAL OFFERING MEMORANDUM | 14MARKET HO | GE M S
A T
D
A
I
TE
✴
Greater Boise Area
5.8 Miles
AREA SUMMARY IN THE NEWS 10 Minutes
From Downtown
Located on the Boise River, Boise is the capital This year Boise was named top place to live on Livability’s
of Idaho and the third-most populous metro in Best Places To Live survey. There were over 1,000 cities, be-
the Pacific Northwest, after Seattle and Portland. tween 20,000 and one million that Boise out ranked to take
Boise boasts a diverse pool of local employers. the top spot. Job opportunity, afordability, entrpreneurship,
Several significant companies are headquartered and safety were among the top reasons why Boise draws in
in the metro, including Albertsons, Simplot, so many people.
✴
Clearwater Analytics, and Micron
Technology. Boise is at full employ-
ment, with unemployment trend- 2.3 Miles
ing below 3% since 2017. Starting in 5 Minutes
From Airport
2011, local employment growth has
outpaced national performance, with
gains generally far stronger in Boise
than in the United States as a whole.
INDUSTRIAL OFFERING MEMORANDUM | 15CONTACT INFO
Matt Mahoney
Managing Principal
O 208.319.1003
C 208.340.9780
F 208.389.2088
mattm@leeidaho.com
leeidaho.com
802 W. Bannock Street, 12th Floor
Boise, ID 83702
Shaun Wardle
Associate
O 208.343.2300
C 208.863.4160
F 208.389.2088
shaunw@leeidaho.com
leeidaho.com
802 W. Bannock Street, 12th Floor
Boise, ID 83702
All information furnished regarding property for sale, rental or financing is
from sources deemed reliable, but no warranty or representation is made to
the accuracy thereof and same is submitted to errors, ommissions, change of
price, rental or other conditions prior to sale, lease or financing or withdraw-
al without notice. No liability of any kind is to be immposed on the broker herein.
INDUSTRIAL OFFERING
PROPOSALMEMORANDUM
FOR SERVICES | |24
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