1302 Ontario StSandpoint, ID 83864

Property Details for 1302 Ontario St

Year built

1987

Lot size

0.75 AC

Property size (Sq ft)

18,290 SF

Property type

Industrial properties

Property subtype

Other warehouses

Description

This exceptional investment opportunity presents a fully leased, single-tenant warehouse complex ideally situated at 1302 Ontario Street in Sandpoint, Idaho. The property boasts a total of 18,290 square feet across two single-story buildings, constructed in 1987 and situated on a 0.75-acre lot. Benefitting from convenient access to US Highway 2, this location offers excellent visibility and accessibility. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $127,500, translating to an attractive 5.21% capitalization rate. The asking price is $2,449,000, representing a compelling price per square foot. The property features one loading dock and one dock-high door, catering to efficient logistics. This stabilized investment, with a gross lease structure, presents a rare opportunity to acquire a high-performing asset in a desirable location. The property's strong tenancy and consistent cash flow make it an ideal addition to any investment portfolio. The property is located just outside of Downtown Sandpoint, offering a blend of accessibility and proximity to local amenities. This is a turnkey investment ready for immediate income generation.

Location Insight

City

Sandpoint

County

Bonner

State

Idaho

Latitude

48.2661

Longitude

-116.567

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