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7655 N Jennie Ln 10,060 SF Specialty Building Offered at $3,950,000 at a 6.23% Cap Rate in Boise, ID 83714
Investment Highlights
- +5 years left on a single Tenant NNN lease with two 5 year options
- Newer construction (2017) with modern architecture design including exposed high ceilings and large windows
- Call agent for guided tour during working hours
- Great location and view corridor to building on State St and Horseshoe Bend Rd Intersection
- On site Commercial Kitchen
Executive Summary
This investment opportunity is for the interest in Jennie Lane River Academy, a 10,060 SF square foot Preschool & Learning Center sitting on nearly 0.582 acres. This property is shadow anchored by national tenants and surrounded by new residential and commercial development.
Property Facts
| Price | $3,950,000 | Building Class | B |
| Price Per SF | $392.64 | Lot Size | 0.56 AC |
| Sale Type | Investment | Building Size | 10,060 SF |
| Cap Rate | 6.23% | No. Stories | 2 |
| Sale Condition | 1031 Exchange | Year Built | 2018 |
| Property Type | Specialty | Parking Ratio | 3.18/1,000 SF |
| Property Subtype | School | ||
| Zoning | C-2D | ||
| Price | $3,950,000 |
| Price Per SF | $392.64 |
| Sale Type | Investment |
| Cap Rate | 6.23% |
| Sale Condition | 1031 Exchange |
| Property Type | Specialty |
| Property Subtype | School |
| Building Class | B |
| Lot Size | 0.56 AC |
| Building Size | 10,060 SF |
| No. Stories | 2 |
| Year Built | 2018 |
| Parking Ratio | 3.18/1,000 SF |
| Zoning | C-2D |
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Property Taxes
| Parcel Number | R7025310066 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,927,500 |
Property Taxes
Parcel Number
R7025310066
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,927,500
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Videos
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Photos
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7655 N Jennie Ln
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