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The Foundry 501 Northgate Mile 46,609 SF Industrial Building Idaho Falls, ID 83401 $600,000 ($12.87/SF) 12% Cap Rate

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INVESTMENT HIGHLIGHTS

44 Rental Units
Over 9k of commercial space to lease to restaurant, retail, office

12 Lofts

EXECUTIVE SUMMARY

1.07 Acres of Central Commercial Property. Currently have plans for 32 units of residential, 12 additional lofts, and over 9,000 sq ft of commercial/restaurant/retail space. There is a tax district ready to be finalized. Owner has the ability to build it for the new owner.

Offering Memorandum

PROPERTY FACTS Under Contract

Price	$600,000	Lot Size	1.07 AC
Price Per SF	$12.87	Rentable Building Area	46,609 SF
Sale Type	Investment or Owner User	No. Stories	2
Cap Rate	12%	Year Built	1950
Sale Conditions	Build to Suit Redevelopment Project	Tenancy	Single
Property Type	Industrial General Retail Restaurant General Retail Storefront Retail/Office	Parking Ratio	0.13/1,000 SF
Building Class	C	No. Drive In / Grade-Level Doors	1
Zoning	CC - CC Central Commercial Zone. This zone provides a mixed use zone which includes a variety of housing types and a variety of commercial uses.

Price	$600,000
Price Per SF	$12.87
Sale Type	Investment or Owner User
Cap Rate	12%
Sale Conditions	Build to Suit Redevelopment Project
Property Type	Industrial General Retail Restaurant General Retail Storefront Retail/Office
Building Class	C
Lot Size	1.07 AC
Rentable Building Area	46,609 SF
No. Stories	2
Year Built	1950
Tenancy	Single
Parking Ratio	0.13/1,000 SF
No. Drive In / Grade-Level Doors	1
Zoning	CC - CC Central Commercial Zone. This zone provides a mixed use zone which includes a variety of housing types and a variety of commercial uses.