Lake Professional Plaza

Office for Sale
Sale Pending
Catylist Listing ID: 30644446
Status: Pending
Building Size (RSF): 14,000 SF
Gross Land Area: 0.55 Acres
Sale Price: $1,960,000
Unit Price: $140 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Class of Space: Class B
Sale Terms: Undisclosed
Cap Rate: 7.01%
Last Updated: 10/8/2020

Overview / Comments

High quality, multi-tenant professional office building (two buildings) with modern, energy efficient construction. Good onsite parking plus street parking. Two buildings, one of which is single story and the other is two story and elevator served. Strong history of high occupancy with rents averaging between $1.20 to $1.30/SF/month on modified gross basis. Tenants include financial, real estate/mortgage, legal, business services, insurance, management and health care. Professional management and leasing team in place. Offering price and capitalization rate based on actual income and expenses, including allowance for stabilized vacancy. Main building was entirely reconstructed in 2012 following snow damage. Single story building was built in 1996. Tax iD #: RPS0491003007AA; RPS04910030100A

Attachments & Media

Additional Details

Nearest MSA: Sandpoint
County: Bonner
Tax ID/APN: RPS04910030100A
Total Number of Buildings: 2
Number of Stories: 2
Year Built: 1976

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,139 9,010 14,572
Median Age: 38.18 39.1 40.05
Households: 1,876 3,926 6,093


Photograph of Listing Agent

Chris Schreiber

Kiemle Hagood NWCRE Member
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