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12585 W Explorer Dr
Boise, ID 83713
Explorer Campus · Office Property For Sale
·
44,688 SF Total
Investment Highlights
- Three-building office/flex campus situated on 4.08 acres within Boise Research Center.
- I-1 (Industrial: Light) zoning supports a range of office, technology, research, and light industrial uses.
- Adjacent to the Treasure Valley Family YMCA and nearby dining, retail, and recreational amenities.
- Functional office and flex layouts originally developed for research and business operations.
- Convenient access to Chinden Boulevard, Cloverdale Road, and major Boise transportation corridors.
- Parking ratio of 4.2 spaces per 1,000 square feet supports employee and visitor access.
Executive Summary
Explorer Campus presents a rare opportunity to acquire a 100% leased office/flex investment in the Boise Research Center, one of Boise’s established business districts. The 44,688 SF campus is occupied by a diverse mix of engineering, technology, and professional service firms, providing stable in-place cash flow and exceptional tenant retention, with several occupants in place since 2006.
Originally developed as a research and office campus, the property offers functional and flexible floor plans across three buildings situated on 4.08 acres. Notably, Carollo Engineers is making a significant capital investment through the expansion of its water testing laboratory, further reinforcing its long-term commitment to the campus. Conveniently located adjacent to the Treasure Valley Family YMCA and surrounded by retail and dining amenities, Explorer Campus offers investors a compelling combination of stability, location, and long-term growth potential.
Originally developed as a research and office campus, the property offers functional and flexible floor plans across three buildings situated on 4.08 acres. Notably, Carollo Engineers is making a significant capital investment through the expansion of its water testing laboratory, further reinforcing its long-term commitment to the campus. Conveniently located adjacent to the Treasure Valley Family YMCA and surrounded by retail and dining amenities, Explorer Campus offers investors a compelling combination of stability, location, and long-term growth potential.
Property Facts
| Price / SF | $195.47 / SF | Number of Properties | 3 |
| Cap Rate | 6.50% | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 44,688 SF |
| Status | Active | Total Land Area | 3.19 AC |
| Price / SF | $195.47 / SF |
| Cap Rate | 6.50% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 44,688 SF |
| Total Land Area | 3.19 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Bldg C
12553 W Explorer Dr, Boise, ID 83713 |
Office | 21,180 SF | 1996 | - |
|
Bldg B
12501 W Explorer Dr, Boise, ID 83713 |
Office | 12,084 SF | 1998 | - |
|
Bldg A
12585 W Explorer Dr, Boise, ID 83713 |
Office | 11,424 SF | 1998 | - |
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