4200 Hawthorne Rd

    Chubbuck, ID 83202
    • $12,500,000
    • STATUS: Active
    • ON SITE: 36 days
    • ID#: 18-12719
    UPDATED: 23 min ago
    $12,500,000
    • 0
      BEDS
    • 9.61
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 78,225
      SQFT
    • $160
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2011
    County:
    Area:

    School Ratings & Info

    Description

    Opportunity to acquire the interest in a very desirable commercial Investment property. With over $1 million in annual net income the property produces a cap rate of 8.4%. Designed and built for The Allstate Corporation, this 78,225 square foot concrete building situated on 9.61 acres features an open floor plan, ample windows, and 418 free parking spaces. In 2012, the building was awarded LEED certification at the Silver level by the U.S. Green Building Council. Allstate Corporation, the largest publicly held personal lines property and casualty insurer in America, leases 100% of the building. The initial ten-year lease as well as the two five-year options to renew include annual rent increases.The current lease rate of $1.13 (monthly, per square foot, triple net) is approximately 17% below the current market rates of $1.37 (monthly, per square foot, triple net). Located in a strategic, sought after high growth corridor the property is in close proximity to Home Depot, the Pine Ridge Mall and Interstate 86.

    Monthly Payment Calculator


    © 2019 Coeur d'Alene MLS. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from Coeur d'Alene MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Prime Real Estate Group.Data last updated: 2019-01-17T12:03:20.13.
    www.propertybyprime.com/homes/90011921

    4200 Hawthorne Rd Chubbuck, ID 83202

    • Price: $12,500,000
    • Status: Active
    • Updated: 23 min ago
    • ID#: 18-12719
    0
    Beds
    0
    Baths
    0
    ½ Baths
    9.61
    Acres
    78,225
    SQFT
    $160
    $/SQFT
    2011
    Built
    Neighborhood:
    15 - South
    County:
    Bannock
    Area:
    15 - South
    Property Description
    Opportunity to acquire the interest in a very desirable commercial Investment property. With over $1 million in annual net income the property produces a cap rate of 8.4%. Designed and built for The Allstate Corporation, this 78,225 square foot concrete building situated on 9.61 acres features an open floor plan, ample windows, and 418 free parking spaces. In 2012, the building was awarded LEED certification at the Silver level by the U.S. Green Building Council. Allstate Corporation, the largest publicly held personal lines property and casualty insurer in America, leases 100% of the building. The initial ten-year lease as well as the two five-year options to renew include annual rent increases.The current lease rate of $1.13 (monthly, per square foot, triple net) is approximately 17% below the current market rates of $1.37 (monthly, per square foot, triple net). Located in a strategic, sought after high growth corridor the property is in close proximity to Home Depot, the Pine Ridge Mall and Interstate 86.
    Exterior Features

    Aircraft Flight Zone Unknown Construction Tilt-Up Concrete Exterior Concrete Exterior Features CurbsExterior LightingLandscapingLawnLawn Sprinkler SysPaved ParkingSidewalks Lot Features Corner LotLevelOpen Lot Type Commercial Road Paved Roof Membrane Style Office Building View None

    Interior Features

    Basement No Basement Description None Foundation Concrete Fuel Gas Heat Forced Air

    Property Features

    Business Type Comm'l Bldg W/Land Business Type1 See Remarks Equipment Included None Fire Protection District Yes Flood Zone No Inventory Included No Inventory List Available No New Construction No Sewer City Sewer Short Sale No Sq Ft Source Assessor/Tax Roll Subject To CCRs No Subject To HOA No Tax Year 2017 Taxes 255112.00 Taxes Reflect No Exemptions Terms Cash OutConventional Water City Zoning C2

    Listing provided courtesy of Pearl Realty.

    © 2019 Coeur d'Alene MLS. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from Coeur d'Alene MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Prime Real Estate Group.Data last updated: 2019-01-17T12:03:20.13.
     
    Prime Real Estate Group
    417 W 1st St
    Spokane WA, 99201