Sky Ranch Highway Industrial

Page created by Tina Griffith
 
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Sky Ranch Highway Industrial
Sky Ranch
Highway Industrial
4 2 10 H W Y 2 0 / 2 6
C A L DW E L L , I D 8 3 6 0 5

Sherry Schoen
Senior Managing Director
t 208-870-6933
sherry.schoen@ngkf.com
Sky Ranch Highway Industrial
S K Y R A N C H H I G H WAY I N D U S T R I A L

Property Highlights
•

•
    Class-A industrial business park on 17.61
    acres of highway frontage
    Located at the signalized intersection of
                                                  200,100 SF
                                                  WA R E H O U S E / D I S T R I B U T I O N / F L E X
    Highway 20/26 and Smeed Parkway
•   Immediate access to Interstate 84 and

                                                  Concrete Tilt
    within 2 miles of Highway 19 and Union
    Pacific Railroad
•   Adjacent to the Caldwell Industrial Airport
    with 6,800 feet runway
                                                  CONSTRUCTION
•   Property located in the Foreign Trade Zone
    (FTZ) allowing businesses to take advantage

                                                  On-Site Yard
    of reduced tariffs
•   Industrial revenue bonds (IBR) and many
    City/State incentives available
•   Education and workforce are a top priority    CAN BE SECURED
    with Treasure Valley Community College and
    College of Idaho

Lease Rates
•   $0.72 SF + NNN
                                                  Late Spring 2021
                                                  C O N S T R U C T I O N S TA R T S
•   NNN estimated at $0.15 SF
•   Office build to suit

                                                  Early Q1 2022
                                                  D E L I V E RY

                                                                                                         NEWMARK   2
Sky Ranch Highway Industrial
S K Y R A N C H H I G H WAY I N D U S T R I A L

Building 1                                           Building 2                                           Building 3
•   129,600 SF divisible to 10,800 SF                •   35,100 SF divisible                              •   32,400 SF divisible
•   Building dimensions 180’x720’                    •   Building dimensions 390’x90’                     •   Building dimensions 360’x90’
•   9’x10’ dock high doors                           •   Options for grade level doors                    •   Options for grade level doors
•   Option for levelers and grade level doors        •   Front loading configuration                      •   Front loading configuration
•   Rear loading configuration                       •   24’ clear height                                 •   24’ clear height
•   32’ clear height                                 •   ESFR fire Suppression System                     •   ESFR fire suppression system
•   30’ column spacing                               •   Office – build to suit                           •   Office – build to suit
•   ESFR fire suppression system                     •   Parking stalls – 2 per 1,000 SF                  •   Parking stalls – 2 per 1,000 SF
•   Office – build to suit                           •   Skylights, LED lighting, efficient heating and   •   Skylights, LED lighting, efficient heating and
                                                         480V power                                           480V power
•   Parking stalls – 2 per 1,000 SF
•   Skylights, LED lighting, efficient heating and
    480V power

                                                                                                          Building 4
                                                                                                          •   4,000 SF
                                                                                                          •   Building dimensions 75’x53’

                                                                                                                                            NEWMARK        3
Sky Ranch Highway Industrial
S K Y R A N C H H I G H WAY I N D U S T R I A L

                   Franklin Road

                                                            BUILDING 3
                      BUILDING 2                             32,400 SF
                       35,100 SF                              360’x90’

                                                                                              Smeed Parkw
                        390’x90’

                                                                                                         ay
                                                                                 BUILDING 4
                                                                                  4,000 SF
                                            BUILDING 1
                                            129,600 SF     YARD
                                             180’x720’   40,000 SF

                                                                       YARD
                                                                     47,000 SF

                                                                                                    NEWMARK   4
Sky Ranch Highway Industrial
S K Y R A N C H H I G H WAY I N D U S T R I A L

                                                                                                                                                                                      Vallivue District
                                                                                                                                                                                       Middle School
                                                                                                      Voyage                                                                        (Under Construction)
                                                                                                     Crossing

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    Plaza                                                                                                                                                                                                   The Ranch

                                                    EXIT
                             15   215    80    84   #29
                                                                                       US             US
                                                                                                       US       US
                                                                                                                 US   US
                                                            15,500 cars/day         89 189
                                                                                       89 189
                                                                                           20 26                                  13,500 cars/day
                                                                                                                              BUILDING 2      BUILDING 3
                                                                                                                                                                                                                    Covey Cafe
                                                                                                                                                                                                               Nutrien Ag Solutions

                                                                                    2,800 cars/day
                                                                                                                                 BUILDING 1

                                                                                                                                                           BLDG
                                                                                                                                              YARD

                                                                                                                                                             4
                                                                                                                                                                                                            Echo Trailers
                                                                                                                                                 YARD

                                                                                                                                                                   1,700 cars/day

                                                                                                                                                                                                                                 Kcid Road
                                                                                                                                                                                                            Thomas Jefferson
                                                                                                                                                                                                             Charter School

                                                                Bay-Wash                                                   Skyway Street
                                                                 of Idaho                                                                                                              GALS Quad
                                                                                    Aviation Way

                                                                                                                                                                  Smeed Parkway
                        Superior Steel        15     215   80   84
                        Products, Inc.

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                                                                         car
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                                                                                                                                                                                                                     NEWMARK                 5
Sky Ranch Highway Industrial
S K Y R A N C H H I G H WAY I N D U S T R I A L

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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      2020 ESTIMATED HOUSEHOLDS                                        325,869

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Treasure Valley Trade Area & Largest Employers
B O I S E , I DA H O                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             nmrk.co m

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            This document has been prepared by Newmark Knight Frank for advertising and general information purposes only. While the
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            information contained herein has been obtained from what are believed to be reliable sources, the same has not been verified
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            for accuracy or completeness. Newmark Knight Frank accepts no responsibility or liability for the information contained in this
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            document. Any interested party should conduct an independent investigation to verify the information contained herein.
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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              NEWMARK                      6
Sky Ranch Highway Industrial
S K Y R A N C H H I G H WAY I N D U S T R I A L

Drive Times

2 minutes
                                                                          "

I-84 (EXIT 29)                                                                     "

3 minutes
C A L DW E L L I N D U S T R I A L A I R P O R T
                                                   Simplot Boulevard                     "

                                                                                                               "
                                                                                                                       SKY RANCH
                                                                                                                   HIGHWAY INDUSTRIAL

                                                                                                                                             US

                                                                                                                                          89 189
                                                                                                                                             89 189
                                                                                                                                                 20 26
                                                                                                                                                        US
                                                                                                                                                         US                 US
                                                                                                                                                                             US    US

5 minutes

                                                                                                                                                                                                                 Midland Boulevard
                                                                                                                                                                                        Middleton Road
                                                                                                                                                       Linden Street
S TAT E H I G H WAY 1 9
                                                      Farmway Road

                                                                                                                                                       Caldwell

                                                                                                                                                                                                                                           Northside Boulevard
                                                                                             Indiana Avenue
                                                                                                                                                      Industrial
                                                                     10th Avenue

24 minutes
                                                                                                                                                        Airport
                                                                                                                                   Cl
                                                                                                                                     ev
                                                                                                                                        el                                                               Ustick Road
                                                                                                                                          an
                                                                                                                                                  d
BOISE AIRPORT                                                                                                                                B
                                                                                                                     15                   215 oul80                               84

                                                                                                                     Lake Avenue
                                                                                                                                                 ev
                                                                                                                                                    ar
                                                                                                                                                                            d
                                                                                       Cherry Lane

                                                                                                                                                              Midway Road
                                                                                                                                                                                                             "

                                                                                                              Karcher Road
                                                                                                                                                                                                                                             "

                                                                                                                                                                                                                                     NEWMARK                     7
S K Y R A N C H H I G H WAY I N D U S T R I A L

    DRIVE TIME MAP
 From Boise, Idaho
Drive   times from Boise, ID
      SEATTLE, WA
      7 hours 30 Minutes
          494 Miles
                                                                            HELENA, MT
   PORTLAND, OR
    6 Hours 30 Minutes
                                 !
                                 (                                         7 Hours 30 Minutes
                                                                               488 Miles
        431 Miles
                                !
                                (      !
                                       (                                         BILLINGS, MT

     TRI-CITIES, WA                     Boise, ID
                                                           !
                                                           (                     9 Hours 30 Minutes
                                                                                     613 Miles
     4 Hours 30 Minues                                            !
                                                                  (
                                           !
         288 Miles                                                             IDAHO FALLS, ID
                                                                                       4 Hours

                                                       (!
                                                        (
      RENO, NV                                                                        280 Miles
    6 Hours 30 Minutes                                 !                            POCATELLO, ID
        422 Miles
                                                                                     3 Hours 30 Minutes
                                !
                                (                      !
                                                       (                   !
                                                                           (
                                                                                         235 Miles

                           !
                           (!
                            (                                              !
                                                                           (
                                                                                          CHEYENNE, WY
                                                                                           10 Hours 30 Minutes
                                    SAN JOSE, CA                                                735 Miles
                                 10 Hours 30 Minutes
                                      672 Miles                                           DENVER, CO
 SAN FRANCISCO, CA                                     SALT LAKE CITY, UT                       12 Hours
                                                                5 Hours
         10 Hours                                                                               813 Miles
                                                               339 Miles
         640 Miles

    Sherry Schoen                                                                                                                                                                                                           0              125              250                                500 Miles

                                                                                                                                                                                            NEWMARK
                                                                                                                   2537 West State Street, Suite 110 l Boise, Idaho 83702 l 208.870.6933 l www.ngacres.com                                                                                                             8
                                                                                                                 This document has been prepared by Newmark Knight Frank for advertising and general information purposes only. While the information contained herein has been
                                                                                                                 obtained from what are believed to be reliable sources, the same has not been verified for accuracy or completeness. Newmark Knight Frank accepts no responsibility or
                                                                                                                 liability for the information contained in this document. Any interested party should conduct an independent investigation to verify the information contained herein.
                                                                                                                    10/30/2020 l \\Maphics\maphics\Companies\Newmark Boise\1 - People\Sherry Schoen\9 - Mapping\1 - Map Documents\sschoen_drive-times-from-boise_usa.mxd - Map Da ta and/or Imagery Courtesy of Esri
S K Y R A N C H H I G H WAY I N D U S T R I A L

Freight Costs (Outbound)
                                          SEATTLE
                                         Washington
                                                   COEUR D’ALENE
                                                       Idaho

                                         BOISE
                                         Idaho                                                                                                                                                      BOSTON
                                                                                                                                                                                                  Massachusetts

                                                            POCATELLO
                                                              Idaho                                                                                    DETROIT                           NEW YORK CITY
                                                                                                                                                       Michigan                            New York
                                                                                                                                      CHICAGO
                                                                                                                                       Illinois                                       PHILADELPHIA
               SAN FRANCISCO                                                                                                                                                           Pennsylvania
                  California                                                                                                                          COLUMBUS
                                                                                  DENVER                                                                 Ohio                    WASHINGTON D.C.
                     SAN JOSE
                      California                                                  Colorado                                                   INDIANAPOLIS
                                                                                                                                                Indiana

                              LOS ANGELES                                                                                                    NASHVILLE
                                California                                                                                                   Tennessee
                                                                                                                                MEMPHIS                     CHARLOTTE
                                                                                                                                Tennessee                  North Carolina
                                        SAN DIEGO      PHOENIX
                                         California     Arizona
                                                                                                    DALLAS
                                                                                                     Texas
                                                                                                FORT WORTH
                                                                        EL PASO                    Texas
                                                                         Texas
        COST PER MILE                                                                                                                                      JACKSONVILLE
                                                                                                                                                              Florida
              Less Than $1.80                                                                   AUSTIN
              $1.80 – $2.00                                                                      Texas HOUSTON
                                                                                     SAN ANTONIO         Texas
              $2.00 – $2.20                                                             Texas

              $2.20 – $2.40
              More Than $2.40

Freight Costs
OUTBOUND                                                                                                                                                                                                         nmrk.com

                                                                                                                                                                                              N E W M Apurposes
                                                                                                  This document has been prepared by Newmark Knight Frank for advertising and general information        RK         9 While the
                                                                                                                                                                                                                 only.
                                                                                                  information contained herein has been obtained from what are believed to be reliable sources, the same has not been verified
                                                                                                  for accuracy or completeness. Newmark Knight Frank accepts no responsibility or liability for the information contained in this
                                                                                                  document. Any interested party should conduct an independent investigation to verify the information contained herein.
S K Y R A N C H H I G H WAY I N D U S T R I A L

Freight Costs (Inbound)
                                          SEATTLE
                                         Washington
                                                   COEUR D’ALENE
                                                       Idaho

                                         BOISE
                                         Idaho                                                                                                                                                      BOSTON
                                                                                                                                                                                                  Massachusetts

                                                            POCATELLO
                                                              Idaho                                                                                    DETROIT                           NEW YORK CITY
                                                                                                                                                       Michigan                            New York
                                                                                                                                      CHICAGO
                                                                                                                                       Illinois                                       PHILADELPHIA
               SAN FRANCISCO                                                                                                                                                           Pennsylvania
                  California                                                                                                                          COLUMBUS
                                                                                  DENVER                                                                 Ohio                    WASHINGTON D.C.
                     SAN JOSE
                      California                                                  Colorado                                                   INDIANAPOLIS
                                                                                                                                                Indiana

                              LOS ANGELES                                                                                                    NASHVILLE
                                California                                                                                                   Tennessee
                                                                                                                                MEMPHIS                     CHARLOTTE
                                                                                                                                Tennessee                  North Carolina
                                        SAN DIEGO      PHOENIX
                                         California     Arizona
                                                                                                    DALLAS
                                                                                                     Texas
                                                                                                FORT WORTH
                                                                        EL PASO                    Texas
                                                                         Texas
        COST PER MILE                                                                                                                                      JACKSONVILLE
                                                                                                                                                              Florida
              Less Than $2.00                                                                   AUSTIN
              $2.00 – $2.20                                                                      Texas HOUSTON
                                                                                     SAN ANTONIO         Texas
              $2.20 – $2.40                                                             Texas

              $2.40 – $2.60
              More Than $2.60

Freight Costs
INBOUND                                                                                                                                                                                                          nmrk.com

                                                                                                                                                                                              N E W M Apurposes
                                                                                                  This document has been prepared by Newmark Knight Frank for advertising and general information        RK        10 While the
                                                                                                                                                                                                                 only.
                                                                                                  information contained herein has been obtained from what are believed to be reliable sources, the same has not been verified
                                                                                                  for accuracy or completeness. Newmark Knight Frank accepts no responsibility or liability for the information contained in this
                                                                                                  document. Any interested party should conduct an independent investigation to verify the information contained herein.
S K Y R A N C H H I G H WAY I N D U S T R I A L

                                                                                                        “Idaho again one of country’s
                                                                                                           fastest-growing states”

Why Idaho?

                  #1                                        #1                         #1                                #1
         CITY FOR CORONAVIRUS                                                    CITIES TO MOVE TO              MOVING DESTINATION
                                                    REAL ESTATE MARKET
                RECOVERY

                  #5                                       #1                    #1 & #3                                 #1
            CITY FOR STARTING                     MARKET FOR OUT-OF-STATE
                                                       HOMEBUYERS                BEST RUN CITIES                 BEST PLACE TO LIVE
               A BUSINESS

                  #2                                       #4                         #2                                 #1
         HIPSTER CITY IN AMERICA                  BEST PLACE TO RAISE KIDS   DESTINATIONS YOU NEED TO          FASTEST GROWING CITY
                                                                                       SEE

                                                                                                                 source: Boise Valley Economic Partnership

                                                                                                                                       NEWMARK               11
S K Y R A N C H H I G H WAY I N D U S T R I A L

Who Are We?
The Boise Valley is strategically located in the Mountain Time Zone and Southwestern Idaho,
providing easy non-stop access to all major cities on the West Coast, the Pacific Northwest
and Intermountain West.

The Boise Metro area is home to 747,000 people (U.S. Census Bureau, Population Estimates
Program) and a workforce of 346,000 within a 45-minute draw of Boise. The average
commute time is 22 minutes.

Commuting in the Valley: The major interstate serving the Boise Valley is I-84, running through
the metro area’s major cities Boise, Meridian, Nampa and Caldwell, and I-184 branches
toward the northeast into downtown Boise. Daily commutes are easy for the Boise Valley’s
population with federal highways 20, 26, and 30 and state highways 21, 44 and 55 providing
access. ValleyRide offers public transportation throughout the Boise Valley.
                                                                 Source: Boise Valley Economic Partnership

749,000+
TOTA L P O P U L AT I O N
                                                   $21.10
                                                   AV E R A G E H O U R LY WA G E

9.5%
U N E M P LOY M E N T ( 0 5 / 2 0 )
                                                   $32,620
                                                   AV E R A G E A N N UA L WA G E

36.1
MEDIAN AGE
                                                   $43,888
                                                   M E A N A N N UA L WA G E

$57,105
MEDIAN HOUSEHOLD INCOME                                               Source: Idaho Department of Labor,
                                                                      Occupational Employment Statistics

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S K Y R A N C H H I G H WAY I N D U S T R I A L
                                                                                                                           AIR SERVICE

                                                                                                                           The Boise Airport (BOI) is
                                                                                                                           located less than five miles from
What About Logistics?                                                                                                      downtown Boise and handles
                                                                                                                           more than three million travelers
                                                                                                                           each year.

                                                                                                                             Non-Stop From
                                                                                                                                                Flight Time
                                                                                                                               Boise To:

                                                                                                                                 Chicago        3 hrs 19 mins

                                                                                                                                  Dallas        3 hrs 5 mins

                                                                                                                                  Denver        1 hr 45 mins

                                                                                                                                 Houston         3 hr 7 mins

                                                                                                                                Las Vegas       1 hr 45 mins

                                                                                                                               Los Angeles      2 hrs 10 mins

                                                                                                                               Minneapolis      2 hrs 47 mins

                                                                                                                                 Oakland        1 hr 40 mins

                                                                                                                                 Phoenix        1 hr 54 mins

                                                                                                                                 Portland       1 hr 10 mins

                                                                                                                                   Reno           52 mins

                                                                                                                               Sacramento       1 hr 36 mins

                                                                                                                                San Diego        2 hr 0 mins

There are 50 motor freight companies traveling 5 interstates, 20 U.S. highways and 30 state highways that serve                  San Jose       1 hr 55 mins
the Boise Valley. More than 1,600 miles of rail line through Union Pacific and Burlington Northern Santa Fe provide
                                                                                                                               San Francisco    1 hr 48 mins
connection points to Canada, Mexico and the U.S. They are aided by the State’s regional line and 6 short line railroads.
Annually, the rail system transports over 11 million tons of freight.                                                          Salt Lake City    1 hr 2 mins

                                                                                                                                  Seattle       1 hr 20 mins

                                                                                                                                 Spokane          59 mins

                                                                                                                                                NEWMARK         13
S K Y R A N C H H I G H WAY I N D U S T R I A L

                                                  HOUSEHOLD INCOME DISTRIBUTION

                                                  Less than $10,000                             6.5%

                                                  $10,000—$14,999                               4.1%

                                                  $15,000—$24,999                               9.4%

                                                  $25,000—$34,999                               9.5%

                                                  $35,000—$49,999                              14.0%

                                                  $50,000—$74,999                              20.0%

                                                  $75,000—$99,999                              12.8%

                                                  $100,000—$149,999                            14.3%

                                                  $150,000—$199,999                             4.7%

                                                  $200,000 or more                              4.7%

                                                  P O P U L AT I O N A G E D I S T R I B U T I O N
S K Y R A N C H H I G H WAY I N D U S T R I A L

Workforce
                                                  Large Employers                   Scientific/Technical Services      Customer Support Centers
                                                                                    Engineering Architecture, Legal
     Headquartered in Boise, Id,
                                                  – Micron Technology, Inc.                                            – Wells Fargo, N.A.
     MICRON TECHNOLOGY                            – St. Lukes Health Systems        – CSHQA, a design collaboration    – DIRECTV
     (MU, Fortune 500) is one of the              – Saint Alphonsus Health System   – HDR, Inc.                        – Alaska Airlines
                                                  – Albertson’s/SuperValu           – CH2M Hill                        – WDS Global
     region’s largest employers with
                                                  – Walmart                         – Power Engineers                  – CenturyLink
     approximately 6,000 people in                – J.R. Simplot Company            – Hawley Troxell                   – Albertson’s/SuperValu
     the Boise Valley. CEO Mark                   – Hewlett-Packard Company         – Eide Bailly, LLP                 – T-Mobile U.S.A., Inc.
                                                  – IDACorp (Idaho Power)           – Givens Pursely, LLP              – EDS, an HP Company
     Durcan explains, “We look for
                                                  – Wells Fargo, N.A.               – Perkins Coie, LLP                – Citi Card
     people that are high-energy,                                                   – Stoel Rives, LLP
                                                  – Wells Fargo                                                        – Intermountain Gas Company
     entrepreneurial, and able to go              – Blue Cross of Idaho             – URS Corporation                  – ProService Boise
     out and create new lines of                  – WinCo Foods, LLC                – Balihoo                          – HP Shopping.com
                                                  – The YMCA                        – Healthwise
     business because our business is
                                                  – Jacksons Food Stores            – Clearwater Analytics             Target Industries
     always changing,” He continues,                                                – Keynetics Inc.
                                                  – Citi Corp
                                                                                                                       – Food Processing &
     “There is a lot of talent in Boise           – Plexus                          – INL - Battelle Energy Alliance
                                                                                                                         Agri-Business
                                                                                    – Enphase Energy
     and Micron is not the only                   – Scentsy, Inc.                                                      – Technology
                                                  – Lactalis American Group
     high-tech company in town.”                                                                                       – Manufacturing
                                                                                                                       – Professional Services:
                                                                                                                       – Back-Office & Shared
                                                                                                                         Services

                                                                                                                                       NEWMARK    15
S K Y R A N C H H I G H WAY I N D U S T R I A L

Education

  BOISE STATE UNIVERSITY
  Boise State University is the largest University in Idaho.
  With 643 faculty members, more than 26,000 students,
  and a choice of nearly 200 degrees and certificate
  programs, Boise State is more than just the Bronco
  Nation.

  COLLEGE OF WESTERN IDAHO (CWI)
  College of Western Idaho (CWI) is one of the fastest
  growing community colleges in the nation. Since its first
  offering of classes in January 2009, enrollment at CWI
  has grown to service more than 10,000 students a year.
  CWI has seven campus locations throughout Boise and
  Nampa, plus hundreds of classes online. In the fall of
  2012, CWI introduced a new 176,000 sq. ft. state-of-
  the-art facility to provide professional-technical training
  opportunities in the Valley. Programs can be coordinated
  with workforce development for local companies with
  specialization in drafting, electronics, machine tooling,
  and transportation technology, as well as welding and
  metals fabrication.

                                                                NEWMARK   16
S K Y R A N C H H I G H WAY I N D U S T R I A L

Idaho Incentives

             Idaho Business Advantage                                                                   Idaho Tax Incentives

•   Increases the Investment Tax Credit to 3.75% against the corporate income             TAX REIMBURSEMENT INCENTIVE (TRI)
    tax. This is for the personal property part of the project (machinery/equipment –     Companies creating new, high-wage jobs in Idaho can receive up to a 30%
    computers).                                                                           reimbursement on sales, payroll and corporate income taxes for up to 15 years.
•   Real Property Improvement Tax Credit of 2.5% against corporate income tax -           Companies must pay wages above the county average and create at least 50 new
    $125,000 per taxable year with 14 year carry forward so total of $1,750,000. This     jobs in an urban area or 20 new jobs in a rural area.
    is the real property part of the project (new plant & building facilities).

•   New Jobs Tax Credit: increases the standard $1000/per job corporate income tax
                                                                                          3% INVESTMENT TAX INCENTIVE
    credit up tomaximum of $3,000/per job, depending on wages paid.
                                                                                          Credit against Idaho Corporate Income tax for qualifying new investment in tangible
•   Sales & Use Tax Rebate of 25%. This is for any sales & use tax that is paid for the
                                                                                          personal property (machinery & equipment) in Idaho. It can offset up to 50% of a
    property constructed, located or installed within the project.
                                                                                          company’s liability and may be carried forward 14 years.
•   Small Employer Growth Incentive: local county commissions can grant an
    exemption on all or part of the new investment value from property taxes for a
    determined period of time.

To qualify a company must make a minimum $500,000 investment in new facilities
and create at least 10 new jobs that pay at least $40,000 annually plus benefits.
Average wage for all other jobs created must be $15.50/hr plus benefits.

                                                                                                                                                             NEWMARK       17
S K Y R A N C H H I G H WAY I N D U S T R I A L

Idaho Incentives

              Workforce Development Training Fund (WDTF)                                                Idaho Power Industrial Efficiency

Potential $2,000/per new job created, paid directly to company. Jobs must be $12/         Cash Incentives for Energy-Efficient Designs. The financial incentive is determined
hr or more with benefits and the company must produce a product or service that is        on the least of two calculations:
mainly marketed outside the region where the business is located.                         a. 12 cents per kilowatt-hour(KWh) saved per year or

                                                                                          b. 70 % of the incremental project cost from a 2006 energy code rated
                                                                                                 project to a high efficiency project.

          Idaho Opportunity Fund

A grant program which allows the Director of Idaho Department of Commerce to
direct funds to projects for infrastructure needs within the community. This $3 million
fund will be used within this year to help “close” new projects.

                                                                                                                                                               NEWMARK          18
Sky Ranch
Highway Industrial

Exclusively listed by:

Sherry Schoen
Senior Managing Director
t 208-870-6933
sherry.schoen@ngkf.com

The information contained herein has been obtained from sources deemed reliable but has not been verified and
no guarantee, warranty or representation, either express or implied, is made with respect to such information.
Terms of sale or lease and availability are subject to change or withdrawal without notice.
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