FOR SALEOWNER/USER FOOD-GRADE INDUSTRIAL WAREHOUSE

11665 W. STATE STREET, STAR, ID 83669

PRESENTED BY:Chase ErkinsPrincipal 208.789.4900chasee@leeidaho.com

802 W. Bannock Street, 12th Floor | Boise, Idaho 83702 | 208-343-2300 | leeidaho.com

Below Replacement

Cost!

802 W. Bannock Street, 12th Floor | Boise, Idaho 83702 | 208-343-2300 | leeidaho.com

FOR SALE11665 W. STATE STREET, STAR, ID 83669

FOOD-GRADE INDUSTRIAL WAREHOUSE

Chase ErkinsPrincipal chasee@leeidaho.comC 208.789.4900

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.

OVERVIEW

Lee & Associates is pleased to present for sale a strategically located, MANUFACTURING INDUSTRIAL BUILDING located in Star, Idaho directly off of State Street (Highway 44). This property consists of 36,200 square feet, built in two phases. Phase 1, built in 2005, is masonry block construction and consists of +/- 6,500 square feet of fully heated and cooled warehouse. Phase 2, built in 2008, is concrete tilt-up construction consisting of +/- 29,700 square feet with 3 phase, 480 amp power. This food grade industrial building has an abundance of dry storage space, multiple clean product lines, mixing rooms, weigh rooms, and R&D. This building can be single or multi-tenant, with separate offices, entrances and meters already in place (14 offices, 2 conference rooms, reception, breakroom). This location is well situated on the main road in the growing town of Star, with construction of a Bi-Mart taking place adjacent to the property.

PROFORMA PRICING BREAKDOWN• Sales Asking Price: $3,221,800• Price Per SF: $89.00

PHYSICAL ATTRIBUTES• Size: 36,200 SF• Year Built: 2005• Zoning: C-1• Land: 3.263 Acres• Fire Suppression: Fully Sprinklered• Ceiling Height: 12’ - 22’• Roll-Up Doors: 3 Overhead, 1 8’ x 10’, 2 12’ x 12’• Power: 480 Amp, 3 Phase

HIGHLIGHTS• Currently built out for food manufacturing• Multiple production lines, mixing rooms, storage

areas, weigh rooms and R&D• Pre-cut north wall 20’ wide for future expansion or

larger OHD

REPLACEMENT COST ANALYSIS• Approximate Replacement Cost:

$3,250,000 - $3,750,000• Approximate Replacement Cost Per SF:

$93.80 (+/- 10%)

802 W. Bannock Street, 12th Floor | Boise, Idaho 83702 | 208-343-2300 | leeidaho.com

FOR SALE11665 W. STATE STREET, STAR, ID 83669

FOOD-GRADE INDUSTRIAL WAREHOUSE

Chase ErkinsPrincipal chasee@leeidaho.comC 208.789.4900

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.

PROPERTY PHOTOS

802 W. Bannock Street, 12th Floor | Boise, Idaho 83702 | 208-343-2300 | leeidaho.com

FOR SALE11665 W. STATE STREET, STAR, ID 83669

FOOD-GRADE INDUSTRIAL WAREHOUSE

Chase ErkinsPrincipal chasee@leeidaho.comC 208.789.4900

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.

SITE PLAN

W. State Street

W. Carlisle Bay Drive

11665 W. State Street

802 W. Bannock Street, 12th Floor | Boise, Idaho 83702 | 208-343-2300 | leeidaho.com

FOR SALE11665 W. STATE STREET, STAR, ID 83669

FOOD-GRADE INDUSTRIAL WAREHOUSE

Chase ErkinsPrincipal chasee@leeidaho.comC 208.789.4900

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.

FLOOR PLAN

11665 W. STATE STREET

802 W. Bannock Street, 12th Floor | Boise, Idaho 83702 | 208-343-2300 | leeidaho.com

FOR SALE11665 W. STATE STREET, STAR, ID 83669

FOOD-GRADE INDUSTRIAL WAREHOUSE

Chase ErkinsPrincipal chasee@leeidaho.comC 208.789.4900

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.

PROPERTY AERIAL

11665 W. State Street

W. State Street

802 W. Bannock Street, 12th Floor | Boise, Idaho 83702 | 208-343-2300 | leeidaho.com

FOR SALE11665 W. STATE STREET, STAR, ID 83669

FOOD-GRADE INDUSTRIAL WAREHOUSE

Chase ErkinsPrincipal chasee@leeidaho.comC 208.789.4900

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.

AREA AMENITIES MAP

W. State Street

W. Chinden Boulevard

W. McMillan Road

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802 W. Bannock Street, 12th Floor | Boise, Idaho 83702 | 208-343-2300 | leeidaho.com

FOR SALE11665 W. STATE STREET, STAR, ID 83669

FOOD-GRADE INDUSTRIAL WAREHOUSE

Chase ErkinsPrincipal chasee@leeidaho.comC 208.789.4900

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.

LOCATION MAP

11665 W. STATE STREET

802 W. Bannock Street, 12th Floor | Boise, Idaho 83702 | 208-343-2300 | leeidaho.com

FOR SALE11665 W. STATE STREET, STAR, ID 83669

FOOD-GRADE INDUSTRIAL WAREHOUSE

Chase ErkinsPrincipal chasee@leeidaho.comC 208.789.4900

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.

LOCATION

LOCATION HIGHLIGHTS

• The town of Star has experienced a 306.4% increase in population since 2000• 2nd lowest property tax in the country, 6th best economic outlook• #1 state with fastest job growth in 2016• 3rd most improved state for business, and 1st most friendly state for small business• 6th in the nation for low cost of living• #1 lowest cost of doing business in the Pacific U.S.

For more information on the Treasure Valley’s Accolades, please visit:www.bvep.org

www.compassidaho.org

BOISE, IDAHOBoise, Idaho is the state capital, the third largest city in the Pacific Northwest, and the county seat of Ada County. Located on the Boise River in southwestern Idaho, the population of Boise is currently 241,368. Once a hub for extraction industries, the city is now a center for high tech, agribusiness, food processing, shared services, manufacturing and state government. The major employers located in Boise include Albertsons, J.R. Simplot Company, Idaho Pacific Lumber Company, Idaho Timber, WinCo Foods, Bodybuilding.com and Clearwater Analytics. Other major industries have a presence in Boise such as Hewlett Packard and Wal-Mart.

DEMOGRAPHICSPOPULATION 1 MILE 3 MILE 5 MILE2017 Total Population: 5,987 10,039 28,9372022 Population: 6,719 11,236 32,259Pop Growth 2017-2022: 12.23% 11.92% 11.48%Average Age: 36.10 36.00 35.60HOUSEHOLDS2017 Total Households: 2,062 3,423 9,522HH Growth 2017-2022: 12.80% 12.50% 11.97%Meidan Household Inc.: $70,025 $70,622 $74,147Avg Household Size: 2.90 2.90 3.002017 Avg HH Vehicles: 2.00 2.00 2.00HOUSINGMedian Home Value: $277,809 $277,622 $268,513Median Year Built: 2004 2004 2004

802 W. Bannock Street, 12th Floor | Boise, ID 83702 | 208-343-2300 | leeidaho.com