Three Cities Development

Highway

55Highw

ay44

Offering Memorandum

Eagle, IdahoThree Cities Crossing Development OpportunityFor Sale

Highway 55 and Highway 44Eagle, Idaho

Doug Kowallis, CCIMPrincipal208.385.9876

Craig WagstaffInvestment [email protected]

Michael MerrittInvestment [email protected]@naiboise.com

1501 Federal Way, Suite 400 • Boise ID 83705

phone 208.385.9876 • fax 208.385.9883 www.naiboise.com

Four (4) parcels totaling + 75.7 acres

The subject property represents an exciting opportunity to acquire a premier, mixed use development opportunity at the gateway of one of the most affl uent communities in the Treasure Valley

Underlying zoning in place for a variety of commercial and residential development

Site being sold “as is” without further zoning entitlements targeting a close of escrow by December 2006

HIGHLIGHTS STATUSCurrently zoned for mixed use (MU) in the City of Eagle, Idaho

Zoning designation includes limited offi ce, limited commercial, and residential – up to 10 dwelling units per acre

Development required to proceed through the PUD/Development Agreement process

LOCATIONSouth side of Highway 44 near the intersection of Highway 55

Eastern Gateway to the City of Eagle and entry to the Payette River Scenic Byway

Bordered on the East by the proposed Three Cities Crossing project

Within 1 mile of Downtown Eagle and 13 miles of Downtown Boise






Three Cities Development

All offers will be based on the following criteria:

• Purchase price

• Terms and conditions (Timing and limited contingencies)

• Evidence of Buyer’s ability to close escrow

This property is being sold with appropriate zoning for development but without further entitlements.

Population (2005) 14,000

Average HH Income $90,000

Average Home Price $431,235

Average Daily Traffi c Counts (CPD) 50,000

EAGLE MARKET STATISTICS

Preliminary Title Commitment

Sample Land Plan

Sample Development Agreement

DUE DILIGENCE AVAILABLE TO CHOSEN BUYER(S)

Eagle Promenade Retail

Eagle River Mixed Use Retail/Commercial/Offi ce

Avimor 651 Acre Planned Community

NEW EAGLE AREA DEVELOPMENTS

Eagle, Idaho






About The Area

Located in Western Ada County, approximately 13 miles west of downtown Boise and on the Boise River, Eagle is one of the fastest growing communities in the Treasure Valley boasting high income demographics and a population approaching 18,000. The city is forecasting a build-out population of 35,000 in the next 25 years.

Eagle is known for its progressive stance on growth, development, and long term sustainability. Located approximately one mile from the subject property, the mixed use Eagle River Development is one of the major examples it has taken as a community. Their sustainable approach refl ects the ideas of its residents and businesses. According to Eagle’s Comprehensive Plan of 2000, the population grew by 17% from 2000 to 2002. This resulted in the development of over 900 acres of land in just 3 years.

The City of Eagle has taken great care in preserving the downtown core and central business district as the economic hub of the City. More than 1,930 acres have been designated as commercial, mixed use, business, or as industrial in nature. Employment is projected to grow at a higher rate than the population over the next twenty years – approximately 65%. By 2025, the distribution of land uses within the western impact area will shift to non-residential uses from 11% to 25% and will provide additional land to promote employment options within the City.

Boise, the capital and largest city in the State of Idaho, is the hub of commerce, banking, and government for the state. Boise serves as corporate headquarters to Albertsons, Boise Cascade, Idaho Power, Micron Technology, Simplot, Washington Group International, and WinCo Foods. Hewlett-Packard has a large complex in Boise specializing in scanners and printers and is one of the largest private employers in the area, second only to Micron. Other high-tech employers include Sybase and Microsoft Corporation, which recently purchased locally-owned ProClarity. Boise also has a thriving in-bound technical call center base including Teleperformance USA, Qwest, and Direct TV all being major players in the call-center industry in Boise.

Boise consistently ranks among the best places to live and work based on its diverse economy and quality of life. Recreational activities abound bringing in many visitors from across the country each year. From skiing at Bogus Basin Resort to biking on the Boise River Greenbelt and the Boise Foothills, Boise offers many outdoor activities for local residents. The Boise area has it all – desert, rivers, mountains, and lakes - for hiking camping, kayaking, river rafting, hunting, and fi shing.

DISCLAIMERAll information regarding this property is from sources deemed reliable. The property information is subject to

errors, omissions, change of price, rental or other conditions, prior sale, lease or withdrawal from market without

notice. NAI Kowallis & Mackey further has not made and shall not make any warranty or representation as to

the condition of any property referred to herein, or the laws, regulations, or ordinances that affect such property,

nor the presence of any hazardous substances or any environmental or other conditions that may affect such

property, including the value of such property and its suitability for any use.

While every effort will be made to ensure that the information contained in this fi le is accurate and up to date,

NAI Kowallis & Mackey, its agents and employees are not liable for any loss or damage arising directly or

indirectly from the possession, publication or use of or reliance on that information. It is provided “as is” without

express or implied warranty.



Three Cities Development

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