Multi Tenant Retail / Office Center

Retail-Commercial for Sale
Catylist Listing ID: 30139177
Property Subtypes: Street Retail
Building Size (RSF): 9,914 SF
Gross Building Area: See Agent
Gross Land Area: 0.42 Acres
Sale Price: $755,000
Unit Price: $76.15 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.58%
Average Occupancy Rate: 100
Last Updated: 10/19/2017

Overview / Comments

This is a well maintained retail/office/warehouse neighborhood type center.
Very little competition in this area for this type of product. Currently 100% occupied with some new lease extensions recently signed. Rent income should go up next year so cap rate should reflect higher next year. Stateline is between Post Falls and the Washington border just off I-90. Very close to Walmart and Cabela's.

Additional Details

Nearest MSA: Coeur d'Alene
County: Kootenai
Taxing Authority: Kootenai County
Tax ID/APN: AIN 116932
Retail Clientele: General
Property Located Between: Beck Rd and Stateline I-90 exit.
Property Visibility: Excellent
Largest Nearby Street: Beck Rd.
Highway Access: Beck Rd interchange and Stateline interchange for I-90
Airports: Spokane & Coeur d'Alene
Area Description: Mixed area of growing industrial, housing, and retail.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Year Built: 1998
Roof Type: Gable
Parking Type: Surface
Sprinklers: None
Zoning Description: commercial
Water Service: Other
Sewer Type: Septic
Easements: Utilities
Legal Description: East Farms IRR TRS Plat 5, Tax#24246 in TR 175 0150n06w

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,826 14,913 43,354
Median Age: 30.95 35.45 36.74
Households: 1,388 5,525 16,128
© Copyright Coeur d'Alene Traders Club. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Coeur d'Alene Traders Club nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.