1221 SHORELINE LN. PRICE REDUCED

IDAHO | GEM STATE

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OFFICE BUILDINGFOR SALE OR LEASE1221 Shoreline Ln. Boise, ID 83702

1221 SHORELINE LN.PRICE REDUCED

CONTENTS

EXECUTIVE SUMMARY

SECTION 01

PROPERTY HIGHLIGHTS . . . . . . . . . . .4FINANCIALS . . . . . . . . . . . . . . . . . . . . . . 5[ ]

1221 SHORELINE LN. | 2

LOCATION

SECTION 02

NEARBY RETAILERS. . . . . . . . . . . . . . . 7LOCATION MAP . . . . . . . . . . . . . . . . . . 8NEARBY AMENITIES . . . . . . . . . . . . . . 9BOISE STATISTICS . . . . . . . . . . . . . . . .10TOP EMPLOYERS & INDUSTRIES . . 11

DEMOGRAPHICS

SECTION 03

SUBMARKET . . . . . . . . . . . . . . . . . . . . 13 MARKET . . . . . . . . . . . . . . . . . . . . . . . .14

EXECUTIVE SUMMARY

SECTION 01

PROPERTY HIGHLIGHTS . . . . . . . . . . .4


PROPOSAL FOR SERVICES | 3

7,020 SF Office Building | For Sale or Lease PROPERTY HIGHLIGHTS

SALE PRICE: $1,390,000LEASE RATE: $19.00/SFLEASE TYPE: Modified Gross, tenant pays utilities,landscaping, and snow removalPROPERTY SIZE: 0.25 AcresTOTAL SF: 7,020 SFYEAR BUILT: 1981ZONING: R-ODPARCEL: R2887270020PARKING: 14 spacesAVAILABLE: Contact agent


PROPERTY HIGHLIGHTS• Great location along the Boise River with

easy access to the freeway and Downtown Boise

• Recently remodeled• On-site parking• Abundance of natural light

Lee & Associates is pleased to present this single tenant office building for sale or lease. Located along the Boise River with ac-cess to the Greenbelt, just 0.5 miles from the I-184 on-ramp and 1.4 miles from the heart of Downtown Boise. Recently remod-eled building with high end finishes and a great mixture of pri-vate offices and creative work space. Current tenant has recent-ly made a significant capital contribution to the third floor.

FINANCIALS

$1,390,000SALES PRICE

SUMMARY

SALES PRICE $1,390,000

APPROXIMATE RENTABLE SQUARE FEET 7,020 SF

PRICE PER SF $198.00

LEASE RATE $19.00 SF/YR

LEASE TYPE Modified Gross

LEASE TERM Negotiable


LOCATION

SECTION 02

RETAILER MAP . . . . . . . . . . . . . . . . . . . .7LOCATION MAP . . . . . . . . . . . . . . . . . . 8NEARBY AMENITIES . . . . . . . . . . . . . . 9BOISE STATISTICS . . . . . . . . . . . . . . . .10TOP EMPLOYERS & INDUSTRIES. . .11


NEARBY RETAILERSS


Ann Morrison Park

LOCATION MAP


Downtown Boise

1.4 Miles Away

I-184 On-Ramp1.4 Miles Away

NEARBY AMENITIES

Boise Airport

4.4 Miles Away13 Minute Drive

FOODBig City Coffee, Cotton-wood Grille, P.F Chang’s, Five Guys, MOD Pizza,

Chipotle, Panda Express, Buffalo Wild Wings

GROCERYTrader Joe’s, WinCo

& Whole FoodsLess Than 2 Miles

Away

Retail & EntertainmentThe Egyptian Theatre,

CenturyLink Arena, Boise Philharmonic, Boise Public

Library

SERVICE &OTHER

Jack’s Urban Meeting Place, Inn at 500 Capitol, United

States Postal Service, Idaho Self Storage, FedEx,

Chevron, Les Schwab Tire Center,

Walgreens

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For more information on the Treasure Valley ’s Accolades, please visit:www.bvep.org

www.compassidaho.org


MARKET HIGHLIGHTS | BOISE, ID

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 Clearwater Analytics. Other major industries have a presence in Boise such as Hewlett Packard and Wal-Mart.

Boise is an attractive destination for businesses seeking lower prices than those in California orWashington, where, per a KPMG report, the cost of doing business is roughly a third higher. Boise housing prices are also substantially more affordable. Metro employers benefit from a healthy university pipeline, with several institutions of higher education. Boise State University, the largest, enrolls around 26,000 students and employs 2,400 full-time employees. Other major metro employers include Micron Technology, which employs roughly 6,700, and Hewlett-Packard, with about 2,000 workers.

FORBES #2 PLACE TO LIVE

BOISE STATISTICS

http://www.bvep.org

http://www.compassidaho.org


TOP EMPLOYERS | BOISE, ID

• St. Luke’s Health System: 7,000-7,999• Micron Technology, Inc.: 5,000-5,999• Saint Alphonsus Health System: 5,000-5,999• Albertson’s: 3,000-3,999• Walmart: 3,000-3,999• J.R Simplot Company: 2,000-2,999• HP Inc.: 1,000-1,999• Fred Meyer: 1,000-1,999• Idaho Power Company: 1,000-1,999• Wells Fargo Bank: 1,000-1,999

TOP EMPLOYERS & INDUSTRIES

TOP INDUSTRIES | IDAHO

• Advanced Manufacturing• Aerospace• Technology & Innovation• Outdoor Recreation• Tourism• Energy

KEY INDUSTRIES

Idaho’s top key industries are a mix of traditional and new growing industries. The man-ufacturing industry contributes mor than $7.3 billion of Idaho’s GDP, making it 14.7% of Idaho’s private sector. The aerospace industry in Idaho is expected to grow by 41% in the next 10 years. Northern Idaho is home to more than three dozen different aerospace companies like Quest, Empire Airlines, and Unitech Aerospace Composites.

Idaho’s technology and innovation industry is growing rapidly with a 61% growth of high-tech companies in the past decade. Micron Technology produces the only US-based memory chip and HP’s imaging and printing group is located in the state, which introduced the HP Laser Jet printer. The food production industry has been prominent in Idaho for over 100 years, making the state 7th in the U.S for agricultural goods and food product exports per capita.

The tourim industry is a major key to Idaho’s economy. This $3.7 billion industry gener-ates $475 million in tax revenues and employs more than 45,800 Idaho residents. Idaho’s energy industry is the home to the nation’s lead nuclear research facility. This sector is expected by 19% over the next 10 years.

For more information visit commerce.idaho.gov and bvep.org.

DEMOGRAPHICS

SECTION 03

SUBMARKET . . . . . . . . . . . . . . . . . . . . 13 MARKET . . . . . . . . . . . . . . . . . . . . . . . .14


SUBMARKET

DEMOGRAPHIC HIGHLIGHTSThis development land is positioned in one of thebusiest submarkets in Boise. With a population of over240,000 residents, Boise is one of the fastest growingcities in the United States. The population has nearlydoubled since 1990 and is expect-ed to increase an additional 10% by 2025.

2020 POPULATION& INCOME

Median Income$54,618

Population186,948



Population110,080



Population12,405

[ ]5 MILE

RADIUS

3 MILE RADIUS

1 MILE RADIUS


AREA SUMMARYLocated on the Boise River, Boise is the capital of Idaho and the third-most populous metro in the Pacific Northwest, after Seattle and Portland. Boise boasts a diverse pool of local employers. Several significant companies are headquartered in the metro, including Albertsons, Simplot,

MARKET

IN THE NEWSBoise has been named top place to live on Livability’s Best Places To Live survey. There were over 1,000 cities, between 20,000 and one million that Boise out ranked to take the top spot. Job opportunity, affordability, entrepreneurship, and safety were among the top reasons why Boise draws in so many people.

Clearwater Analytics, and Micron Technology. Boise is at full employment, with unemployment trending below 3% since 2017. Starting in 2011, local employment growth has outpaced nation-al performance, with gains generally far stron-ger in Boise than in the United States as a whole.

4.4 Miles14 Minutes

From Airport

Boise, Idaho

IDAHO | GEM STATE

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1.4 Miles6 Minutes

From Downtown

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CONTACT INFO

PROPOSAL FOR SERVICES | 24

Matt MahoneyManaging Principal

O 208.319.1003C 208.340.9780F [email protected] 802 W. Bannock Street, 12th FloorBoise, 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.

Austin HopkinsAssociate

O 208.343.2300C [email protected] 802 W. Bannock Street, 12th FloorBoise, ID 83702

1221 SHORELINE LN. PRICE REDUCED

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