5
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Listed by Montana Carranza • CBRE, Inc
$31,827,000
Est. payment /mo
123,529 SqFt
New
1290 W Myrtle Street Boise, ID 83702
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 123,529 sqft
Price per Sqft $257
MLS Listing ID 98998293
HOA Y/N No
Lot Size 1.420 Acres
Acres 1.42
Source IMLS 2
Property Description
Premier five-story, Class A office building totaling approximately 123,529 sq. ft. in the heart of Boise, Idaho. Located within a vibrant five-acre mixed-use development anchored by a Hilton Garden Inn and Panera Bread, the Property features institutional-quality construction and a durable, diversified income stream. Currently 96% leased to 12 tenants—including a long-term anchor lease with the General Services Administration extending through 2040—Pioneer Crossing offers investors a stabilized asset with a weighted average lease term (WALT) of 5.8 years. Offered at a significant discount to replacement cost, Pioneer Crossing presents a compelling value proposition in a market characterized by rising asking rents and vacancy rates well below national averages. Investors will benefit from immediate, stable cash flow anchored by government and national credit tenants, while gaining exposure to one of the fastest-growing metropolitan areas in the United States.
Location
State ID
County Ada
Interior
Fireplace No
Building
Lot Description 1 - 4.99 Acres
New Construction No
Others
Senior Community No
Tax ID S1010223280
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