$703,000
( $319.55Per Sq Foot )
$3,774 est/mo Sourced by Back At You420 W Main Street,Boise, ID 83702
Boise, ID 83702
Description
This high-quality office condo offers an exceptional investment opportunity in the heart of downtown Boise. This fully leased 2,200sf property is home to the renowned law firm Wilson Sonsini Goodrich & Rosati, with a lease in place through August 2026 (and two 1-year renewals with escalations). Investors will benefit from a strong net operating income of ~$42,000 in 2024, which equates to a 6% cap rate. Total current monthly rent = $5028.46. Included with the property are two off-street parking spaces, enhancing convenience for tenants as well as a storage unit in the garage. This premium office asset presents a rare chance to own a stable, income-generating property in one of Boise’s most desirable locations.
Details
| MLS# | 98940769 |
|---|---|
| Listing Type | For Sale |
| Building Name | Veltex - Leased Office Condo |
| Suite Number | 205 |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 32 |
| Listing Provided By | Story Commercial, LLC | Jay Story |
Features
| SQ Feet | 2,200 |
|---|---|
| Zoning | MX-5 |
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Learn More About This Property
| State | ID |
|---|---|
| County | Ada |
| City | Boise |
| Zip Code | 83702 |
| Area | Boise North |
| Listing VS Median (in 83702) | |
Price: $703,000 low | high Med: $786,500 SqFt: 2,200 low | high Med: 1,816 $ / SqFt: $320 low | high Med: $433 On site: 32 low | high Med: 22.000000 | |
Listing Updated: April 21, 2025 at 11:51:49 AM PDT