Built in 2017, fully leased to two medical tenants with NNN leases. The building is located on a parcel of land owned by Bingham County and has been pre-paid for 99 years. The advance payment results in the land functioning similar to a fee simple ownership position with the advantage of the underlying land still being owned by the County, meaning it is not taxed. NOI: $242,123 5% cap rate. Call David McDonald 208-720-2000 for more information. Do not disturb tenants.
MLS# | 98789648 |
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Listing Type | For Sale |
Style | Industrial |
Sub-Type | Resale |
Status | Active |
Year | 2017 |
Days On Site | 26 |
SQ Feet | 11,028 |
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Story(s) | 1 |
Area Information | |
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State | ID |
County | Bingham |
City | Blackfoot |
Zip Code | 83321 |
Area | Out of Area - 2000 |
Listing VS Median (in 83321) | |
Price: $4,842,450 low | high Med: $2,546,175 SqFt: 11,028 low | high Med: 7,286 $ / SqFt: $439 low | high Med: $255 On Site: 26 low | high Med: 190 |