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    1411 N Division

    Sandpoint, ID 83864
    • $2,495,000
    • STATUS: Active
    • ON SITE: 151 days
    • ID#: 20200973
    UPDATED: 43 min ago
    $2,495,000
    • 0
      BEDS
    • 3.92
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 37,000
      SQFT
    • $67
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1985
    County:
    Area:

    School Ratings & Info

    Description

    Leased warehouse investment property in Sandpoint, Idaho. This 4 building 3.9+/- acre industrial property has outstanding access and visibility right on the corner of Division and Baldy Mountain Rd., two of Sandpoint's busiest arterials. Formerly the home of Alpine Lumber in Sandpoint the property has been recently remodeled and updated, allowing for new tenants. Most tenants are on multi-year leases. Currently there is approximately 8550' available to an additional tenant or for an owner user. Over 37,000 total building square feet. More than enough land to build additional buildings. At the current asking price with the current NOI this is just under a 6% cap rate. The proforma cap at this price is approximately 7.7%.

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    © 2020 of Selkirk Association of Realtors® MLS. All rights reserved. Listing information courtesy of Selkirk Association of Realtors® MLS. IDX data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the Selkirk Association of Realtors. Data last updated 2020-09-23T07:59:21.583.
    www.nwprorealestate.com/homes/105303207
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    1411 N Division Sandpoint, ID 83864

    • Price: $2,495,000
    • Status: Active
    • Updated: 43 min ago
    • ID#: 20200973
    0
    Beds
    0
    Baths
    0
    ½ Baths
    3.92
    Acres
    37,000
    SQFT
    $67
    $/SQFT
    1985
    Built
    Neighborhood:
    1-Sandpoint
    County:
    Bonner
    Area:
    1-Sandpoint
    Property Description
    Leased warehouse investment property in Sandpoint, Idaho. This 4 building 3.9+/- acre industrial property has outstanding access and visibility right on the corner of Division and Baldy Mountain Rd., two of Sandpoint's busiest arterials. Formerly the home of Alpine Lumber in Sandpoint the property has been recently remodeled and updated, allowing for new tenants. Most tenants are on multi-year leases. Currently there is approximately 8550' available to an additional tenant or for an owner user. Over 37,000 total building square feet. More than enough land to build additional buildings. At the current asking price with the current NOI this is just under a 6% cap rate. The proforma cap at this price is approximately 7.7%.
    Exterior Features

    Construction Steel Construction Driveway Surface Asphalt Exterior Finish Steel Land Characteristics FencedLandscapedLevelMountain View Parking EnclosedOff Street Road Access County Road Ftg Road Surface Paved Roof Metal Water Access No

    Interior Features

    Basement None Foundation Slab Heating Fuel Source ElectricGas-Natural Primary Flooring Concrete

    Property Features

    County Seat Sandpoint Electricity On Site For Lease IndustrialLandOfficeRetail For Lease YN Yes For Sale BuildingLand Gas On Site In City Limits Yes Lease Amount 0.65 Lease Type Modified Gross Number Of Stories 2 Stories Phone On Site Range 2W Rental Rate Amount 0.65 Rental Rate Terms $/Month Reo No Sale Rent For Sale Section 16 Sewer Public Space Available 2020-06-10 Sqft Source Owner Tax Property Id Rps00000167210a Tax Year 2019 Taxes 9911 Township 54N Type Commercial Building Water System Public Year Remodeled 2010 Zoning Industrial

    Listing provided courtesy of Keller Williams Realty.


    © 2020 of Selkirk Association of Realtors® MLS. All rights reserved. Listing information courtesy of Selkirk Association of Realtors® MLS. IDX data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the Selkirk Association of Realtors. Data last updated 2020-09-23T07:59:21.583.
     
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    Newport WA, 99156