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Unity Health Center 745 S Progress Ave 14,297 SF 76% Leased Office Building Meridian, ID 83642 $4,840,700 ($338.58/SF) 6.15% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Cap Rate | 6.15%
  • Building Size | 13,983 SF
  • Lease Types | NNN
  • Net Operating Income (Includes 3% reserve) | $297,703
  • Number of tenants | 5
  • Occupancy | 100%

EXECUTIVE SUMMARY

• Well located, high identity medical office building on major retail corridor
• Recently improved medical suites
• Located just north of the I-84 interchange
• Close to Home Depot, Winco & numerous retailers
• Rehab Authority, West Valley Medical Group, Treasure Valley Hearing, Fastest Labs.
• Easy access & abundant parking

PROPERTY FACTS

Sale Type
Investment NNN
Sale Conditions
Sale Leaseback
Property Type
Office
Property Subtype
Medical
Building Size
14,297 SF
Building Class
B
Year Built/Renovated
1995/2022
Price
$4,840,700
Price Per SF
$338.58
Cap Rate
6.15%
NOI
$297,703
Percent Leased
76%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
14,297 SF
Building FAR
0.15
Lot Size
2.16 AC
Opportunity Zone
Yes
Zoning
C-G
Parking
60 Spaces (4.2 Spaces per 1,000 SF Leased)

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 150
  • 3,386 SF
  • Office
  • -
  • Now

• Well located, high identity medical office building on major retail corridor • Nicely improved suite in premier medical building • Located just north of the I-84 interchange • Close to Home Depot, Winco & numerous retailers • Rehab Authority, West Valley Medical Group, Treasure Valley Hearing, Fastest Labs • Easy access & abundant parking

Space Size Space Use Condition Available
1st Fl-Ste 150 3,386 SF Office - Now

1st Fl-Ste 150

Size
3,386 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 150

Size 3,386 SF
Space Use Office
Condition -
Available Now

• Well located, high identity medical office building on major retail corridor • Nicely improved suite in premier medical building • Located just north of the I-84 interchange • Close to Home Depot, Winco & numerous retailers • Rehab Authority, West Valley Medical Group, Treasure Valley Hearing, Fastest Labs • Easy access & abundant parking

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R1343510103
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,408,000
  • Listing ID: 38144478

  • Date on Market: 10/20/2025

  • Last Updated:

  • Address: 745 S Progress Ave, Meridian, ID 83642

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