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3393 Merlin Dr
Idaho Falls, ID 83404
3393 Merlin Dr · Office Property For Sale
Investment Highlights
- Fully leased, three-suite office investment providing immediate and stable cash flow
- Attractive tenant mix with established regional and local occupants
- Strategically located within the area’s established medical corridor, offering strong synergy with surrounding healthcare users
- 6,238 SF total (Suite A: 1,955 SF | Suite B: 2,098 SF | Suite C: 1,548 SF | Common Area: 637 SF)
- Newer construction (built in 2020) featuring modern design and high-quality finishes throughout
Executive Summary
This fully leased, three-suite office investment offers immediate and stable cash flow within a modern, high-quality building constructed in 2020. The property totals 6,238 square feet, including Suite A (1,955 SF), Suite B (2,098 SF), Suite C (1,548 SF), and 637 SF of common area, all designed with attractive, contemporary finishes. Featuring a strong mix of established regional and local tenants, the asset is strategically positioned within the area’s established medical corridor, providing excellent synergy with surrounding healthcare users and supporting long-term tenant demand.
Property Facts
Sale Type
Investment
Property Type
Building Size
6,238 SF
Building Class
A
Year Built
2019
Price
$1,795,000
Price Per SF
$287.75
Cap Rate
6.30%
NOI
$113,085
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,238 SF
Building FAR
0.42
Lot Size
0.34 AC
Zoning
commercial - Professional Business
Parking
30 Spaces (4.81 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Atrium
- Air Conditioning
Property Taxes
| Parcel Number | RPA8244000015O | Improvements Assessment | $984,277 |
| Land Assessment | $88,464 | Total Assessment | $1,072,741 |
Property Taxes
Parcel Number
RPA8244000015O
Land Assessment
$88,464
Improvements Assessment
$984,277
Total Assessment
$1,072,741
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