9 5 0 We s t B a n n o c k S t r e e t , S u i t e 4 2 0 • B o i s e , I d a h o 8 3 7 0 2 • ( 2 0 8 ) 3 4 3 - 9 3 0 0 • i c b r e . c o m

W Roosevelt Avenue

Franklin D. RooseveltElementary School

S Mid

dlet

on R

oad

Wilson Creek

Lone StarMiddle School

WestMiddle School

West Park

S Mid

land

Boul

evar

d

Lone Star Road

L A N D O F F E R I N G

5.66 ACRES DEVELOPMENT L ANDFOR ADDITIONAL INFORMATION,

PLEASE CONTACT:Moe Therrien

Office: 208-343-9300 Cell: 208-867-3751 moe@icbre.com

1910 W. ROOSEVELT LANENAMPA , IDAHO 83686

SITE

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OFFERING DETAILSAsking Price $799,000 ($3.24 per square foot)Acres 5.66Zoning RP; Apartments approved use

PROPERTY COMMENTS• Attractive infill site• Sewer, water, irrigation in Roosevelt Avenue• Residential-Professional (R-P) zoning allows apartments, office• R-P allows self-storage development with Conditional Use

approval• Attractive Wilson Creek forms north property boundary• Roosevelt Elementary School across street• New Walmart neighborhood market 1/4 mile to the west

2

O F F E R I N G S U M M A R Y

1910 W. ROOSEVELT L ANENAMPA, IDAHO 83686

All information herein has been obtained from sources deemed reliable but is subject to verification by Buyer. This offering is subject to price change, corrections, errors, omissions, prior sales and/or withdrawl.

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S I T E P H OTO S

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SITEW Roosevelt Avenue

Lake Lowell

S M

iddl

eton

Roa

d

S M

idla

nd B

oule

vard

S Ca

nyon

Stre

et

A E R I A L

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Source: CoStar Property

RADIUS 1 Mile 3 Mile 5 Mile

Population:

2024 Projection 11,118 75,869 143,463

2019 Total 10,134 68,994 130,463

Population Growth 2019-2024 9.71% 9.96% 9.92%

Average Age 34.4 35.4 34.5

Households:

2019 Total Households 3,196 24,344 44,071

Household Growth 2019-2024 9.45% 10.05% 9.95%

Average Household Size 3.10 2.70 2.90

Median Household Income $56,085 $42,550 $47,944

Housing:

Median Home Value $172,800 $152,397 $156,899

Median Year Built 2001 1993 1996

Median Income:< $25,000 453 6,712 10,079

$25,000 - $50,000 918 7,388 13,013

$50,000 - $75,000 873 5,131 10,166

$75,000 - $100,000 455 2,377 5,357

$100,000 - $125,000 263 1,379 2,606

$125,000 - $150,000 126 661 1,291

$150,000 - $200,000 108 596 1,141

$200,000 + 0 99 416

W Roosevelt Avenue

D E M O G R A P H I C S

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D R I V E M I L E S M A P

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M A R K E T O V E R V I E W

The Boise MSA is the third largest metro in the Northwest with 30% growth projected by 2020. The Boise metro area consists of the Southwestern Idaho counties of Ada, Boise, Canyon, Gem and Owyhee. Nearly 40 percent of Idaho’s total population lives in the area, which includes 251,142 households. The region is hemmed in by mountains to the North and high-desert to the South. The largest city is Boise, which encompasses nearly 80 square miles, is the capital city and boasts a population of nearly 230,000.

50 motor freight companies serve the Boise Valley, traveling 5 interstates, 20 U.S. highways and 30 state highways. Over 11 million tons of freight are transported annually across the U.S., to Canada and Mexico by Union Pacific and Burlington Northern Santa Fe along 1,600 miles of rail line. Various airlines connect the metro area nationally, with the Boise Airport handling over three million travelers each year.

BOISE METROPOLITAN AREAPopulation 710,000Unemployment Rate 2.9%Median Age 34.2White Collar Workers 36%Blue Collar Workers 63%Median Annual $42,180Bachelors or Higher 35.24%Sales & Use Tax 6%Corporate Income Tax 6.9%

BOISE VALLEY STATISTICS

Source: bvep.org

Source: US Census

COUNTY POPULATION SQ MILESAda 456,849 1,052.58

Boise 7,290 1,899.24Canyon 216,699 587.37

Gem 17,379 560.90Owyhee 11,628 7,665.51

Total 709,845 11,756.60#4 Top 10 Cities for

Young Families (Boise)Move Buddha, January 2018

Top 20 Best Cities for Young Professionals

Forbes, May 2017

#1 Fastest Growing Metro in U.S.

Forbes, 2018

#5 Best Cities forQuality of Life (Boise)NerdWallet, October 2017

#1 City for New Home Sales (Meridian)

Curbed, January 2017

Top 10 SafestCities in the World

The Daily Meal, Oct 2017

#4 Best Place to Retire (Boise)

Forbes, January 2014

Lowest Business Costs in Pacific U.S.

KPMG 2012, 2015, 2016

#4 North America’s Coolest Downtowns

Expedia 2018

#2 America’s Best Cities to Live in (Meridian)

24/7 Wall Street, Dec 2016

#2 Destinations You Need to See in 2018

Lonely Planet, March 2018

#3 Best State Capitals to Live In (Boise)

WalletHub, February 2018

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M A R K E T O V E R V I E W

BOISE METROPOLITAN AREAThe Boise Metro, at 92.5% of the national cost of living, enjoys some of the lowest costs in the western United States. Shorter commute times, safer communities, access to outdoor recreation and a high in-migration rate of workers has created a dynamic workforce with an entrepreneurial vibe.

Major economic drivers in the region include semiconductor and other computer product manufacturing, food product manufacturing, administrative and business support services, and construction.

College/ University

Enrollment (Boise Valley)

Program

Boise State University 23,886 4-year

University of Idaho 1,000 4-year

Northwest Nazarene University

2,207 4-year

College of Idaho 1,065 4-year

Idaho State University 500 4-year

Concordia University School of Law

75 Private

College of Western Idaho 24,265 2-year

Carrington College 600 2-4 year

Stevens Henager College 400 2-4 year

Treasure Valley Community College

1,785 2-year

Brown Mackie College 400 2-year

Broadview University 100 2-4 year

• Micron Technology• St. Lukes Health Systems• St. Alphonsus Health System• Hewlett-Packard Company• J.R. Simplot Company• IDACorp (Idaho Power)• WinCo Foods, LLC• Albertson’s/SuperValu• URS Corp- Washington Group• Wells Fargo, N.A.• U.S. Bank• Boise Inc.• Bodybuilding.com• MWI Veterinary Supply, Inc.• Key Bank• Scentsy, Inc.• Lactalis American Group

• CSHQA• HDR, Inc.• CH2M Hill• Power Engineers• Hawley Troxell• Eide Bailly, LLP• Givens Pursely, LLP• Perkins Coie, LLP• Stoel Rives, LLP• URS Corporation• Balihoo• Healthwise• Clearwater Analytics• Keynetics Inc.• INL - Battelle Energy Alliance• Enphase Energy

• Wells Fargo, N.A.• DIRECTV• Alaska Airlines• WDS Global• Century Link• Albertson’s/SuperValu• T-Mobile U.S.A., Inc.• EDS, an HP Company• Citi Card• Intermountain Gas Company• ProService Boise• HP Shopping.com

LARGE EMPLOYERSTECHNICAL/ENGINEERING/

ARCHITECTURE/LEGALCUSTOMER SUPPORT CENTERS

Source: bvep.org

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WORK HISTORYLicensed Broker for 27 yearsCommercial Real Estate Appraiser for 38 years

• Idaho Commercial Brokerage, LLC (2005): Seller/Buyer Representation – Investment Real Estate Brokerage: apartments, offices, retail, warehouses and land.

• MSA Realty (1999-2004) - Sole Owner, Broker with two agents, Seller/Buyer Representation, Investment Real Estate Brokerage: apartments, office, retail, residential condominiums and land.

• VALBRIDGE Property Advisors (1977-present) - Managing partner, MAI designation 1982. Commercial Real Estate Appraiser: apartments, office, retail, warehouse, land and special use.

• Ada Real Estate Surveys (1987-present) Ada County apartment surveys, occupancy and rent tracking

PROFESSIONAL DESIGNATIONS1990-present: Licensed Real Estate Broker, State of Idaho1990-present: Realtor – Idaho Association of Realtors1982-present: Member of the Appraisal Institute (MAI)1992-present: Idaho Certified General Real Estate Appraiser

PERSONAL BACKGROUND• Boise resident since 1977• Married to wife Roxy / 2 children, Marc (35) and Michael (32)• Washington State University – Bachelors of Arts Degree, Business Administration- 1977 Summa Cum Laude• Raised in Colfax, Washington

MAURICE (MOE) THERRIENAssociate Broker

PrincipalMAI

(208) 859-7935 moe@icbre.com

IDAHO COMMERCIAL BROKERAGE

ICB was established in 2002 and operates on the premise of building dependable client-broker relationships unmatched by the larger corporate approach to brokerage representation.

The company is located in downtown Boise and is comprised of agents David McDonald, Moe Therrien and Ryan Cantlon. Idaho Commercial Brokerage specializes in apartment, office, retail, industrial and land investment sales.

BR O K E R & C O M PA N Y B I O G R A P H I E S