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- LoopNet Team
1414 W Ustick Rd
Meridian, ID 83646
SOLD -Two Tenant NNN Leased Office Investment · Office Property For Sale
INVESTMENT HIGHLIGHTS
- SOLD - Two Tenants in 4 Condo Units
- CAP 6.91%
- 5 YR PRIMARY TERMS
- PRICE $1,950,000
- NOI $134,796
- 5 YR RENEWAL OPTIONS
EXECUTIVE SUMMARY
Summit Commercial Real Estate Group has been retained as the exclusive agent in the sale of 4 condominium units occupied by 2 tenants each in 2,454 rent-able square feet in the Sawtooth Landing Business Park. The building was constructed in 2022 and a part of a professional business park which consists of other condominium units that are currently leased and interdependently owned. The Sawtooth Landing development was recently completed and includes 8 individual buildings occupied by a verity of users including office, medial and professional service providers. The property is located at the signalized intersection of Ustick Road and Linder Road, and has direct access on to Ustick, and has easy access to Interstate 84 via-Meridian and Ten Mile roads. Condominium build-outs include reception areas, kitchenettes, private offices, restrooms, large windows throughout, storage areas, building & monument signage, and on-site shared parking. Office condominium units 100 & 110 are leased by Molly & Me Counseling and Training Center. Office condominium units 120 & 130 are leased by Oakmont Custom Homes. Tenants are responsible for all utilities and janitorial. Landlord responsible for taxes, insurance and HOA fees. Common area landscaping, maintenance and snow removal provided by HOA. Please do not disturb tenants, contact listing agent for additional information and to schedule walk-throughs.
PROPERTY FACTS
| Property Type | Office | Rentable Building Area | 4,900 SF |
| Property Subtype | No. Stories | 1 | |
| Building Class | B | Year Built | 2022 |
| Lot Size | 3.96 AC | APN / Parcel ID | S0436336111 |
| Zoning | C-C - Community Business | ||
| Property Type | Office |
| Property Subtype | |
| Building Class | B |
| Lot Size | 3.96 AC |
| Rentable Building Area | 4,900 SF |
| No. Stories | 1 |
| Year Built | 2022 |
| APN / Parcel ID | S0436336111 |
| Zoning | C-C - Community Business |
AMENITIES
- Air Conditioning
