Coldwell Banker Schneidmiller Realty
202 E Anton Ave
Coeur d'Alene, ID 83815

$2,300,000

Description

RARE OFFERING on this state leased 20,950 sf building. The State of Idaho, Department of Corrections has been a tenant in this building for over 19 years and recently signed a 10 year extension with 3% per year lease rate escalations. Further, in consideration of the lease extension, Landlord provided a perimeter security fence and completed significant interior and exterior tenant improvements including the complete resurface and re-striping of the parking lot. Current NOI, factoring in all expenses including management and reserves, is approximately $169,067. Listing agents also manage the property and can continue to manage for the new Buyer.

Details

MLS#18-12722
Sub-TypeResale
StatusPending - Show
Year1979
Days On Site42

Features

SQ Feet20,950
Story(s)1
ZoningC-17

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Area Information

StateID
CountyKootenai
CityCoeur d'Alene
Zip Code83815
Area01 - CdA Urban/Dalton
Listing VS Median (in 83815)
Price:
$2,300,000
low | high
Med:
$359,900
100% of Average
SqFt:
20,950
low | high
Med:
2,792
100% of Average
$ / SqFt:
$110
low | high
Med:
$129
32.585259125452% of Average
On Site:
42
low | high
Med:
237
17.721518987342% of Average
Listing Updated: 01/21/2019

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