library square - loopnet€¦ · regus executive office company highlights: national anchored...

For Sale

Library Square1125 2nd Street South Nampa, ID 83687

Retail/Office Building

Matt MahoneyManaging PrincipalCell: 208 340 [email protected]

1125 2ND ST. SOUTH - NAMPA, ID 83686

Matt MahoneyManaging Principal208 340 [email protected]

Parcel ID 13141500000

Class: Class “A” building, located within a public plaza, which has a park and water feature, surrounded by restaurants and other retail

Tenants: First American Title Company,Regus Executive Office Company

Highlights: National anchored tenant on a 10-year lease

Neighboring Restaurants:

Flying M CoffeeBrick 29 BistroLa BotanaHong Kong Restaurant

Building Size: +/- 12,618 SF

Land Acres: 0.96 Acres

Sale Price: $2,800,000

CAP Rate: 6.75%

Price Per SF: $221.90

% Occupied: 100%

Year Built: 2015

Submarket: Nampa

Building Type: Office/Retail

Location & Site Information


RENT ROLL & FINANCIALS

Suite Tenant Initial Term

# OfOptions Yrs SF Lease

Start Lease End Annual Rent Monthly Rent Notes

100 FATCO 5 2 3 2,291 8/14/15 10/31/20 $33,697.75 $2,808.15 NNN

110 Landlord 2 2,109 1/1/17 12/31/18 $29,526.00 $2,460.50Lease Guarantee for

1 Year From Landlord

200 Regus 11 2 5 8,218 12/1/15 11/30/26 $176,687.00 $14,723.92 Full Service LeaseTOTALS $239,907.75 $19,992.57


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3rd Street

2nd Street

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OFFICE / RETAIL RETAIL

PARKINGSTRUCTURE

LIBRARY

LAWN FOUNTAIN

For SaleFor Sale

Parking Garage

Library

Fountain

Total SF 12,618

Leased SF 10,509 83.3%

Available SF 2,109 16.7%

Occupied SF 10,509 83.3%

Vacant SF 2,109 16.7%

NOI $198,821

Vacancy Rate 5% (9,941)

NOI $188,880

CAP Rate 6.75%

Market Value $2,800,000



Aerial Map

11th

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outh

12th

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nue S

outh 3rd Street South

Nampa-Caldwell Boulevard

1st Street South

10th Avenue S

outh

1125 2nd Street South



Location Map

1125 2nd Street South



Area Statistics and Overview

DEMOGRAPHICSPOPULATION 1 MILE 3 MILE 5 MILE2017 Total Population: 15,025 82,141 113,0942022 Population: 16,416 90,237 124,588Pop Growth 2017-2022: 9.26% 9.86% 10.16%Average Age: 34.50 37.70 34.60HOUSEHOLDS2017 Total Households: 5,529 28,434 38,453HH Growth 2017-2022: 9.39% 9.97% 10.28%Meidan Household Inc.: $28,150 $38,351 $42,503Avg Household Size: 2.70 2.80 2.902017 Avg HH Vehicles: 2.00 2.00 2.00HOUSINGMedian Home Value: $112,945 $145,323 $152,493Median Year Built: 1957 1992 1994

The City of Nampa is the third largest city in Idaho, and is placed just 15 miles West of Boise. Development in the Boise Valley has increased significantly in the past few years, with the Village at Meridian, City Center Plaza and JUMP Project being completed. Nampa and the Boise Valley are home to some of the region’s top employers such as Micron Technology, Simplot, Blue Cross of Idaho, Hewlett Packard and Bodybuilding.com.

Forbes consistently ranks the Boise Valley as one of the top places in the country to do business, high quality of life, raising a family, entertainment and recreation. Among this Forbes ranking is a variety of other National Accolades such as #1 Top City Where You Get The Most For Your Money (Business Advice Source), #1 Best City For Kids (livability.com), #9 Fastest Growing City (Yahoo), and #5 Most Fair State Tax Systems (WalletHub).

Nampa’s historic downtown stands poised for a renaissance. The city has seen dramatic growth in its residential, commercial and industrial sectors. Only recently has the downtown core stirred with new life, spurred by creative and diverse retail merchants. The City of Nampa helped spark this renewal with zoning changes, grants for historic facades, streetscape beautification and plans for public investment. Civic amenities enhance the excitement of a culturally rich urban core and translate into a dynamic market.

CANYON COUNTY RETAIL MARKETThe Canyon County retail market has 39.75 million square feet of retail space. As of the second quarter 2017, the vacancy rate was 5.3%. Year to date, the County has absorbed 126,686 square feet with an average asking rate of $12.86 SF/Yr NNN.

NAMPA RETAIL MARKETThe Nampa retail submarket is located south of Interstate 84, west of Interstate 184, south of Garrity Boulevard and east of Northside Boulevard. As of the end of second quarter 2017, there were 7.59 million square feet of retail product in the Nampa submarket. The current vacancy rate as of the second quarter was 7.4% after a year to date absorption of 136,753 square feet. The average asking rate was $11.38 SF/Yr NNN has of second quarter.

BOISE VALLEY

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