FOR SALE INDUSTRIAL INVESTMENT OPPORTUNITY

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1 FOR SALE Fastest growing city in Idaho and 6th fastest growing city in the U.S. PRESENTED BY:

2 OVERVIEW PRICING BREAKDOWN Sales Asking Price: $1,350,000 CAP Rate: 7.35% PHYSICAL ATTRIBUTES Size Building 1: 6,303 SF Size Building 2: 7,454 SF Year Built: 1998 Stories: One Zoning: I-L Land: 1.36 Acres Roll-Up Doors: (2) 10 X 12 in front building (6) 14 X 12 in warehouse Parking Ratio: 5.00/1,000 SF SHOWING INSTRUCTIONS Contact agent for showing instructions Listing agent must be present at time of showing PROPERTY SUMMARY Lee & s is pleased to present for sale strategically located, multi-tenant INDUSTRIAL BUILDINGS located at E. Commercial Avenue in Meridian, Idaho on an exclusive basis to qualified investors. These buildings are 100% leased to four quality tenants in a well established business park and an amenity rich surrounding area with close access to Interstate I-84, Downtown Meridian and various goods and services. This fully fenced and gated property has additional land for expansion of the warehouse, and multiple grade level doors in each building. The property is in good condition with minimal deferred maintenance, high-end finishes in the front office space, and clear span warehouse in the rear building. INVESTMENT HIGHLIGHTS 100% occupied investment with contractual rental increases Minimal Landlord responsibilities

3 PRICING BREAKDOWN Rent roll and financials available upon request Pricing Sales Asking Price $1,350,000 CAP Rate 7.35% Net Operating Income $99,167 Asking Price Per SF $98.13 *Rental income based on current rents

4 SITE PLAN E. COMMERCIAL AVENUE 1471 E. COMMERCIAL AVENUE

5 PROPERTY AERIAL E. Commercial Avenue N. LOCUST GROVE ROAD E. COMMERCIAL AVENUE

6 AREA AMENITIES MAP E. FAIRVIEW AVENUE - 30,000 VPD N. LOCUST GROVE ROAD - 20,000 VPD E. PINE AVENUE - 12,000 VPD N. EAGLE ROAD - 51,000 VPD Meridian City Hall E. FRANKLIN ROAD - 17,000 VPD

7 LOCATION MAP E. COMMERCIAL AVENUE

8 LOCATION LOCATION HIGHLIGHTS - MERIDIAN SUBMARKET ADA COUNTY Located in Meridian, 2 miles from interstate 84 and interstate I % increase in population since 2000 Fastest growing city in Idaho, and 6th fastest growing city in the U.S. Labor force has grown by over 31,000 since 2006, with 3.4% growth between 2015 and 2016 alone 2nd lowest property tax in the country, 6th best economic outlook 18,000 acre health and sciences corridor, which attracts dozens of new businesses each year 3rd most improved state for business, and 1st most friendly state for small business *Statistics derived from commerce.idaho.gov

9 AREA STATISTICS AND OVERVIEW BOISE, IDAHO Boise, 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. ADA COUNTY INDUSTRIAL MARKET The Ada County industrial market has million square feet of industrial space. As of the second quarter 2017, the vacancy rate was 3.6%. Year to date, the County has absorbed 219,419 square feet with an average asking rate of $6.32 SF/Yr NNN. MERIDIAN INDUSTRIAL MARKET The Meridian industrial submarket is located north of Interstate 84, west of Interstate 184, west of Eagle Road and south of Chinden Boulevard. As of the end of second quarter 2017, there were 409,595 square feet of industrial product in the Meridian submarket. The current vacancy rate as of the second quarter was 2.0% after a year to date absorption of 17,429 square feet. The average asking rate was $7.74 SF/Yr NNN as of the second quarter. DEMOGRAPHICS POPULATION 1 MILE 3 MILE 5 MILE 2017 Total Population: 6,175 87, , Population: 6,718 96, ,737 Pop Growth : 8.79% 9.49% 9.32% Average Age: HOUSEHOLDS 2017 Total Households: 2,510 31,126 65,909 HH Growth : 9.38% 10.00% 9.65% Meidan Household Inc.: $41,031 $63,956 $65,815 Avg Household Size: Avg HH Vehicles: HOUSING Median Home Value: $181,883 $209,073 $216,285 Median Year Built: MARKET AVERAGE ASKING RATE (SF/Yr) TOTAL IN SUBMARKET TOTAL AVAILABLE VACANCY RATE YEAR TO DATE VACANCY CHANGE ABSORBTION YEAR TO DATE Meridian $7.74 NNN 409,595 SF 27,611 SF 2.0% -0.3% 17,429 SF ADA COUNTY TOTAL $6.32 NNN 42,614,177 SF 172,291 SF 3.6% 3.6% 219,419 SF

10 DOWNTOWN MERIDIAN REDEVELOPMENT PLAN The Subject Property is located just outside the pathway of redevelopment planned by the City of Meridian. This plan s main focus is to create a mixeduse urban environment in Meridian s Downtown, built around 4 main goals to protect and promote: Livability, Mobility, Prosperity and Sustainability. These goals will be achieved by completing long-term projects such as creating more places for community gathering and entertainment, providing for a multi-modal transportation hub, improving the diversity of business activity/retail vitality, and promoting/encouraging innovative and progressive development. PROJECT KEY Northern Gateway District Neighborhood Preservation Areas Washington & Main District Traditional City Core TOD/Cultural District Southern Gateway Entertainment & Hospitality District The various downtown districts, identify the desired character of each area by defining the major uses within a mixed use environment. The districts will have distinct streetscape characteristics that will help to define them, and create variety.

11 802 W. Bannock Street, 12th Floor Boise, ID leeidaho.com