228 Mcghee RdKootenai, ID 83840

This exceptional 219,380 square foot Class A commercial property in Kootenai, Idaho, presents a compelling value-add investment opportunity. The Sandpoint Technology Center, built in 1990 and extensively renovated in 2022, comprises three buildings on a 12-acre lot. The property features a mix of office and industrial space, including approximately 120,000 square feet of office space and 97,540 square feet of warehouse space. Key office features include a striking three-level atrium, a 220-seat auditorium, and a data center with colocation space. Warehouse amenities include nine loading docks and five dock-high doors. Currently 61% occupied with twelve tenants, including prominent companies, the property offers significant upside potential. The asking price is $9,900,000, with a pro-forma cap rate of 16.24% and a pro-forma NOI of $1,608,239. The property benefits from a gross lease structure and includes rent bumps. Tenant profiles include a mix of credit-rated, corporate-guaranteed, and non-credit-rated tenants. The location offers convenient access to major transportation routes, including US Highway 95, Highways 200 & 2, and nearby rail lines. Ample parking is available on-site and across the street, providing 358 and an additional 200 spaces respectively. This property is ideally suited for a variety of uses and offers a unique blend of modern amenities and a scenic location in a rapidly growing region of North Idaho. The property's diverse tenant base and strong location make it an attractive investment opportunity.