For Sale
$5,340,000

2840 Meridian Rd Meridian, ID 83642

High-growth area, 100% occupied, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional single-story medical office building, constructed in 2021, presents a compelling investment opportunity. Located at 2840 S Meridian Rd, Meridian, ID 83642, in Ada County, this 5,375 square foot building sits on a 1.159-acre lot and boasts 20 parking spaces. The property features a Net Lease (NNN) structure with a single tenant currently enjoying 100% occupancy. The building offers a strong Net Operating Income (NOI) of $267,000, resulting in an attractive 5.10% capitalization rate. The asking price is $5,340,000. This build-to-suit (BTS) medical clinic is situated in a high-growth corridor, benefiting from its infill location and long-term lease. The property's APN is R9024770020. This is a rare opportunity to acquire a high-performing medical office building in a desirable location with significant upside potential. The property's prime location and strong tenant occupancy make it an ideal investment for discerning buyers seeking stable income and long-term appreciation.

Highlights

  • Exceptional 2021-built, single-story medical office building in Meridian, ID.
  • 5,375 square foot building on a 1.159-acre lot with 20 parking spaces.
  • Net Leased (NNN) with 100% occupancy and a strong NOI of $267,000.
  • 5.10% capitalization rate and an asking price of $5,340,000.
  • High-growth location with a long-term lease and significant upside potential.

Property Details for 2840 Meridian Rd

Property type
Office properties, Medical offices
Square Feet
5,375 SF
Year Built
2021
Buildings
1
Stories
1
Lot Size (sq. ft)
50,486 SF

Location Insight

City
Meridian
County
Ada
State
Idaho
Latitude
43.5789385
Longitude
-116.3932794

FAQs

What type of property is this?
Office property - High-growth area, 100% occupied, strong NOI.
Where is the office property located?
The property is located at 2840 Meridian Rd Meridian, ID.
What is the asking price?
The asking price for this property is $5,340,000.
What are key features of this property?
This property features: Exceptional 2021-built, single-story medical office building in Meridian, ID.; 5,375 square foot building on a 1.159-acre lot with 20 parking spaces.; Net Leased (NNN) with 100% occupancy and a strong NOI of $267,000.
How can I contact the broker?
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2840 Meridian Rd
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