925 Allante PlBoise, ID 83709

For Sale
$705,000
Prime Boise office, 2,655 sq ft, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional Class A office building, located at 925 S Allante Pl, Boise, ID 83709, offers 2,655 square feet of versatile space ideal for various professional services or medical practices. Built in 2006 and renovated in 2013, this single-story building sits on a 0.137-acre lot and features a welcoming reception area, multiple private offices, cubicle space, a conference room, kitchenette, and two restrooms. Currently 100% occupied under a gross lease with a single tenant, the property boasts a strong net operating income (NOI) of $32,113, representing a 4.56% cap rate. The current lease, commencing May 1, 2023, and expiring April 30, 2028, includes a 3% annual rent bump on May 1st of each year. The asking price is $705,000, translating to $265.54 per square foot. Ample on-site parking is available. The Ada County property (APN: R1343840080) presents a compelling opportunity for both owner-occupants (current tenant is willing to terminate lease) and investors seeking a stable, high-performing asset in a desirable Boise location. The property is currently leased at $3,914.38 per month.

Highlights

  • Class A office building totaling 2,655 square feet in Boise, ID.
  • Single-story building on a 0.137-acre lot, built in 2006 and renovated in 2013.
  • Features include reception area, private offices, cubicles, conference room, kitchenette, and two restrooms.
  • Currently 100% occupied with a gross lease, generating a $32,113 NOI and a 4.56% cap rate.
  • Asking price: $705,000 ($265.54/SF). Lease expires 4/30/2028 with a 3% annual rent increase.
  • Ample on-site parking. Current tenant willing to vacate for owner-occupancy.

Property Details for 925 Allante Pl

Property type
Office properties, Medical offices
Square Feet
2,655 SF
Class
A
Year Built/Renovated
2006/2013
Buildings
1
Stories
1
Lot Size (sq. ft)
5,968 SF
Units
1

Location Insight

City
Boise
County
Ada
State
Idaho
Latitude
43.596085880776
Longitude
-116.29247734488
925 Allante Pl, Boise, Idaho

FAQs

What type of property is this?
Office property - Prime Boise office, 2,655 sq ft, high NOI.
Where is the office property located?
The property is located at 925 Allante Pl Boise, ID.
What is the asking price?
The asking price for this property is $705,000.
What are key features of this property?
This property features: Class A office building totaling 2,655 square feet in Boise, ID.; Single-story building on a 0.137-acre lot, built in 2006 and renovated in 2013.; Features include reception area, private offices, cubicles, conference room, kitchenette, and two restrooms.
How can I contact the broker?
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925 Allante Pl
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