Ten Mile Crossing Building 2760 W Excursion Dr 116,961 SF 100% Leased 4-Star Office Building Meridian, ID 83642 $29,187,000 ($249.54/SF) 7.25% Cap Rate

HIGH-IMAGE, INSTITUTIONAL-QUALITY OFFICE INVESTMENT OPPORTUNITY
* AMERIBEN (FINANCE & INSURANCE)
- Berkley North Pacific (Finance & Insurance)
- J-U-B Engineers (Professional & Technical Services)
* HIGH-CALIBER AMENITIES & BUILD-OUT
- On-Site Features: Cafeteria, auditorium, multiple private offices, open work zones, breakroom, and specialized spaces like a podcast/video studio.
- Plentiful Parking: Access to 525 parking stalls for 4.5/1,000 SF parking ratio.
* MARKET & DEMOGRAPHIC INSIGHTS
- Market: Meridian is the fastest growing submarket in the Boise MSA.
- Population Growth: Projected +19.2% by 2029. 3 mile: ~61,500 projected +13.8%.
- Household Income: 2025 Avg HH Income for Meridian $142,982
* ANCHORS & TENANTS
- Major Retail Anchor: Scheels flagship (~145 K visits/month) opened April 2024, accompanied by associated retail like Starbucks, Dutch Bros, Chick-fil-A.
- Office Tenants: Notable occupants include Paylocity, Ameriben, J-U-B Engineers, Saint Alphonsus Urgent Care Ten Mile Clinic, Primary Health, Brighton Corp.
- Service & Lifestyle Providers: Features Idaho Central Credit Union, urgent care, fitness amenities, car wash, boutique retail, and restaurants.
* RESIDENTIAL & CONNECTIVITY
- Multifamily developments: Altair, The Flats, The Lofts (smart/luxury apartments).
* EXPANSION & ADJACENT DEVELOPMENT
- The District at Ten Mile: A connected ±200 acre project immediately adjacent; approved for zoning in Oct 2024; Features retail, housing (~400 multifamily units), movie theater, hotels, offices, light industrial, underpass and collector road connecting to Ten Mile Crossing.
* MARKET POSITION & FUTURE IMPACT
- Submarket Transform: Originally a planned lifestyle center (not implemented); has since emerged as a major regional gateway with 50% of the site developed
- Economic Draw: Scheels catalyzed growth; now supported by strong demographic trends, high traffic visibility (~118 K cars/day I 84, 27 K on Ten Mile).