590 W. Washington St.

Transcription

1 INVESTMENT OFFERING 590 W. Washington St. 100% LEASED OFFICE BUILDING boise, ID AVAILABLE AT Public Auction December 6, 2017 contact: Mike Greene, SIOR, CCIM Peter Oliver, SIOR, CCIM

2 Table of Contents SECTION 1 The Offering Offering Description 1 Property Summary 2 Rent Roll 3 Public Auction Process 4 Tenant Profiles 5 SECTION 2 The Property Property Photographs 6 Property Floor Plans 7 Aerial Photograph 8 ALTA Survey 9 Locator Map 10 SECTION 3 Market Overview Demographics 11 Boise Area Overview 15 [2]

3 590 W. Washington Street Offering Overview summary: Minimum Bid: Appraised Value: $810, W. Washington Street Property Overview summary: Property Name: 590 W. Washington Street COMMERCIAL The Offering Required Deposit: $24,300 (Cashier s check day of auction) Property Address: Boise, Idaho Buyer s Premium: 3% of winning bid amount Property Description: Single Tenant Office Building Terms: highlights: Cash at closing Abundantly parked downtown location with 25 spaces and parking ratio of 4.82 : 1,000. Well-maintained with no deferred maintenance. Fully-leased single tenant property near the State Capitol Building. Walking distance to the Capitol campus, restaurants, shopping and other professional services. Gross Building Size: Parcel Size: 5,326 SF 0.46 Acres ALL SHOWINGS SHALL BE COORDINATED THROUGH THE LISTING AGENT. PLEASE DO NOT VISIT THE WITHOUT AN APPOINTMENT. [1]

4 Property Summary 590 W. Washington Street Property Description Property Name: 590 W. Washington Street Address: Boise, Idaho Property Type: Gross Building Area: Parcel Size: Single-Tenant Office Building 5,326 SF 0.46 Acres Construction Date: Remodel 2009 Construction Type: Brick 590 W. Washington Street Property Narrative 590 W. Washington Street is located just blocks from the State Capitol. This well-built centrally located property offers easy access, ample parking, and timeless architecture. Remodeled in 2009, the property is well-positioned as a long-term investment opportunity. The Property is entirely occupied by one tenant, Travis Jefferies, PA, an accounting firm. The property was originally constructed as a bank with a drive up teller. The current owner leases 12 of the 25 parking spaces on a permit basis. Zoning: L-OD Parking: Attached (25 Stalls) 590 W. Washington Street Leasing Status Current Occupancy: 100% Tenants: Travis Jeffries, PA Lease Rate: $16.07 per sq. ft. Lease Expiration: 12/31/19 [2]

5 Rent Roll RENT ROLL IS AVAILABLE ON OUR SECURE PORTAL REGISTER TO RECEIVE DUE DILIGENCE INFORMATION AND UPDATES BY CLICKING ON THE FOLLOWING LINK: [3]

6 Public Auction Public Auction 01 review period Register to receive due diligence information and updates by clicking on the following link: CommercialProperties/ IDLDisposition2017.aspx properties available for auction subject to approval by the land board. [All prospective buyers will have Access to due diligence materials] august 2017 to auction date: december 6, buyer due diligence prospective buyers may perform additional due diligence at their own expense buyer due diligence period: august 2017 to auction date: december 6, 2017 public auction 03 auction will take place in ada county nonrefundable deposit, the Greater of $10k or 3% of appraised value, required of winning bidder anticipated auction date: december 6, 2017 closing 04 up to 60 days following public auction [4]

7 Tenant Profiles Our firm provides outstanding service to our clients because of our dedication to the three underlying principles of professionalism, responsiveness and quality. Professionalism Our firm is one of the leading firms in the area. By combining our expertise, experience and the energy of our staff, each client receives close personal and professional attention. Our high standards, service and specialized staff spell the difference between our outstanding performance, and other firms. We make sure that every client is served by the expertise of our whole firm. Responsiveness Our firm is responsive. Companies who choose our firm rely on competent advice and fast, accurate personnel. We provide total financial services to individuals, large and small businesses and other agencies. Quality An accounting firm is known for the quality of its service. Our firm s reputation reflects the high standards we demand of ourselves. Our primary goal as a trusted advisor is to be available and to provide insightful advice to enable our clients to make informed financial decisions. We do not accept anything less from ourselves and this is what we deliver to you. We feel it is extremely important to continually professionally educate ourselves to improve our technical expertise, financial knowledge and service to our clients. Our high service quality and raving fan clients are the result of our commitment to excellence. We will answer all of your questions, as they impact both your tax and financial situations. We welcome you to contact us anytime. Source: To see a listing of our services, please take a moment and look at our services page. Because we get new business from the people who know us best, client referrals have fueled our growth in the recent years. Through hard work, we have earned the respect of the business and financial communities. This respect illustrates our diverse talents, dedication and ability to respond quickly. [5]

8 Property Photographs [6]

9 Property Floor Plans [7]

10 Aerial Photograph aerial street view [8]

11 ALTA Survey MAIN ST. 5th ST. 6th ST. WASHINGTON ST. CR SCALE: 1"=20' THESE ARE THE ITEMS THAT WERE SELECTED BY THE CLIENT FOR THIS SURVEY. REFER TO TABLE 'A' FOR ITEM DESCRIPTIONS. 1. ALL CORNERS OF THE BOUNDARY ARE MONUMENTED (FOUND OR SET, AS IDENTIFIED). 2. ADDRESS IS 590 W. WASHINGTON ST. AS SHOWN IN THE ADA COUNTY ASSESSOR RECORDS. 3. THIS IS LOCATED IN FLOOD ZONE "X" (DEFINED AS "AREAS DETERMINED TO BE OUTSIDE THE 0.2% ANNUAL CHANCE FLOODPLAIN") ON FEMA FIRM PANEL NUMBER 16001C0277H, EFFECTIVE FEBRUARY 19, THE PARCEL AS SURVEYED CONTAINS 20,364 SQUARE FEET (0.467 ACRES) OF LAND, MORE OR LESS. 6(a). "CURRENT ZONING CLASSIFICATION" THE PARCEL WAS ORIGINALLY ZONED (L-OP) THEN MODIFIED UNDER CONDITIONAL USE PERMIT ISSUED IN 1969 BY (CUP 16-69), A VARIANCE TO THAT WAS ISSUED IN 1969 BY (V-11-69), THEN AMENDED UNDER A CONDITIONAL USE PERMIT IN 1989 BY (CUP 50-89), THEN FURTHER AMENDED UNDER A CONDITIONAL USE PERMIT IN 1990 BY (CUP 95-90), THEN REZONED IN 2006 BY (CAR ). DOCUMENTS PROVIDED BY THE CITY OF BOISE PUBLIC RECORDS DEPARTMENT ON b. "GRAPHICALLY DEPICT THE ZONING SETBACK REQUIREMENTS" THE VARIOUS SETBACKS, CONDITIONAL USE SETBACKS AND RE-ZONE SETBACKS ARE NOT GRAPHICALLY DEPICTED. 7a. EXTERIOR DIMENSIONS OF THE BUILDING FOOTPRINT ARE AT GROUND LEVEL SHOWN HEREON. 7b(1). THE SQUARE FOOTAGE THE BUILDING FOOTPRINT IS 4884 SQ. FT. 8. PARKING LOTS AND LANDSCAPE AREAS SHOWN HEREON, AS OBSERVED AT THE TIME OF THIS SURVEY. 9. THERE ARE 17 REGULAR AND 2 HANDICAP PARKING SPACES RESERVED FOR "TRAVIS JEFFRIES, P.A." AND 12 REGULAR PARKING SPACES RESERVED FOR "PERMIT PARKING" ON THE. 19. THERE WERE NO APPURTENANT EASEMENTS OR SERVITUDES DISCLOSED. LOTS 1, 2, 3 AND THE NORTHWESTERLY 16 2/3 FEET OF LOT 4, MEASURED PERPENDICULAR TO THE LINE DIVIDING SAID LOTS 3 AND 4, IN BLOCK 100 OF BOISE CITY ORIGINAL TOWNSITE, ACCORDING TO THE PLAT THEREOF, FILED IN BOOK 1 OF PLATS AT PAGE 1, RECORDS OF ADA COUNTY, NOT TO SCALE P P IDAHO. 24" SCHEDULE B - PART II GENERAL EXCEPTIONS: 15" 1. RIGHTS OR CLAIMS OF PARTIES IN POSSESSION NOT SHOWN BY THE PUBLIC RECORDS. NO SURVEY RELATED EVIDENCE OF POSSESSION P BY OTHERS WAS OBSERVED DURING THE COURSE OF THE SURVEY. 2. ENCROACHMENTS, OVERLAPS, BOUNDARY LINE DISPUTES, AND ANY OTHER MATTERS WHICH WOULD BE DISCLOSED BY AN ACCURATE SURVEY OR INSPECTION OF THE PREMISES INCLUDING, BUT NOT LIMITED TO, INSUFFICIENT OR IMPAIRED ACCESS OR MATTERS CONTRADICTORY TO ANY SURVEY PLAT SHOWN BY THE PUBLIC RECORDS. NUMEROUS APPURTENANCES TO THE BUILDING EXTEND ONTO THE ADJACENT TO THE SOUTHEAST. 3. EASEMENTS, OR CLAIMS OF EASEMENTS, NOT SHOWN BY THE PUBLIC RECORDS. THIS SURVEY DOES NOT DETERMINE THE EXISTANCE OR 34" NON-EXISTANCE OF SUCH EASEMENTS OR CLAIMS. ASP 4. ANY LIEN, OR RIGHT TO A LIEN, FOR SERVICES, LABOR, OR MATERIAL HERETOFORE OR HEREAFTER FURNISHED, IMPOSED BY LAW AND NOT SHOWN BY THE PUBLIC RECORDS. NOT SURVEY RELATED. R ASP 5. (A) UNPATENTED MINING CLAIMS; (B) RESERVATIONS OR EXCEPTIONS IN PATENTS OR IN ACTS AUTHORIZING THE ISSUANCE THEREOF; (C) WATER RIGHTS, CLAIMS OR TITLE TO WATER, WHETHER OR NOT THE MATTERS EXCEPTED UNDER (A), (B) OR (C) ARE SHOWN BY THE PUBLIC RECORDS. THE SURVEYED AND SHOWN HEREON IS A PORTION OF LANDS PATENTED IN ACCESSION NUMBER ID DATED 16" Jx MAY 2ND, 1870 UNDER AUTHORITY OF THE ACT OF CONGRESS APPROVED MARCH 2ND, 1867 ENTITLED "AN ACT FOR THE RELIEF OF THE ASP Jx INHABITANTS OF CITIES AND TOWNS UPON THE PUBLIC LANDS". THE PATENT CONTAINS NO SPECIAL RESERVATIONS. A REVIEW OF THE IDAHO LAND RECORDS DATABASE AND THE BLM MASTER TITLE PLAT SHOW NO RESERVATION OR CLAIMS. 12" R 6. TAXES OR SPECIAL ASSESSMENTS WHICH ARE NOT SHOWN AS EXISTING LIENS BY THE RECORDS OF ANY TAXING AUTHORITY THAT LEVIES TAXES OR ASSESSMENTS ON REAL OR BY THE PUBLIC RECORDS. PROCEEDINGS BY A PUBLIC AGENCY WHICH MAY RESULT IN TAXES OR ASSESSMENTS, OR NOTICES TO SUCH PROCEEDINGS, WHETHER OR NOT SHOWN BY THE RECORDS OF SUCH AGENCY OR BY THE PUBLIC RECORDS. NOT SURVEY RELATED. ILLEGIBLE LADDER TO ROOF CR SPECIAL EXCEPTIONS: 590 W. WASHINGTON 7. SAID REAL IS PRESENTLY ASSESSED AS EXEMPT FROM TAXATION. ANY CHANGE IN THE STATUS THEREOF EITHER IN OWNERSHIP RD 10" R OR OTHERWISE, SHALL CAUSE A RE-ASSESSMENT OF SAID PREMISES AS MORE FULLY SET FORTH IN SECTION Y OF THE IDAHO CODE. FOUND PIN 24" 5" SET CAP NOT SURVEY RELATED. CB 8. REAL TAXES WHICH MAY BE ASSESSED, LEVIED AND EXTENDED ON ANY SUBSEQUENT AND/OR OCCUPANCY ROLL WITH RESPECT TO IMPROVEMENTS COMPLETED DURING THE YEAR WHICH ESCAPED ASSESSMENT ON THE REGULAR ASSESSMENT ROLL, WHICH ARE NOT YET DUE AND PAYABLE. NOT SURVEY RELATED. ASP 9. SEWER CHARGES AND SPECIAL ASSESSMENTS, IF ANY, FOR THE CITY OF BOISE. BOISE CITY UTILITY BILLING PH:(208) NOT SURVEY 12" FOUND PIN S RELATED. SET CAP ASP 10.MATTERS DISCLOSED BY RECORD OF SURVEY SURVEY NO.:4214, RECORDED:APRIL 2, 1998, INSTRUMENT NO.: DOES NOT R 5" DISCLOSE ANY DISCREPANCY THE WORK DONE AT THE TIME OF THIS SURVEY. 22" 11.UNRECORDED LEASEHOLDS, IF ANY, RIGHTS OF PARTIES IN POSSESSION OTHER THAN THE VESTEES HC HEREIN, RIGHTS OF SECURED PARTIES UNDER FINANCING STATEMENTS AS TO PERSONAL LOCATED ON THE PREMISES HEREIN AND THE RIGHTS OF TENANTS TO REMOVE TRADE FIXTURES. RD v NOT SURVEY RELATED. " 2 1 5" HR PARKING" 1. THIS SURVEY IS BASED UPON TITLE COMMITMENT FILE NO , DATED MAY 27, 2016 MAIL DROP AS PROVIDED BY PIONEER TITLE CO. BUSINESS SIGN 8" 2. THERE ARE NO GAPS OR OVERLAPS WITH THE SUBJECT AND THE ADJOINERS. 3. THERE WERE NO EASEMENTS DISCLOSED BY THE PUBLIC RECORD AT THE TIME OF THIS SURVEY. 20" R 4. THERE WERE NO EASEMENTS BENEFITING OR BURDENING THE PROVIDED WITH THE TITLE REPORT. ASP 5. NO EVIDENCE OF A CEMETERY ON THE WAS OBSERVED DURING THE SURVEY. " 2 1 HR PARKING" 6. TYPICAL PARKING STALL WIDTH IS 9-FEET WIDE. BOUNDARY 7. CERTIFICATION AND CERTIFY AS USED HEREIN MEAN TO STATE OR DECLARE A PROFESSIONAL OPINION OF 8" RECORD BOUNDARY CONDITIONS REGARDING THOSE FACTS OR FINDINGS, WHICH ARE THE SUBJECT OF THE CERTIFICATION, AND DOES CENTER LINE NOT CONSTITUTE A WARRANTY OR GUARANTEE, EITHER EXPRESS OR IMPLIED. BUILDING SET-BACK EDGE OF PAVEMENT HAND RAILS P EXISTING GAS LINE EXISTING WATER LINE EXISTING OVERHEAD POWER LINE TO: IDAHO DEPARTMENT OF LANDS, FORSGREN ASSOCIATES, INC. 28" UC UC UC UC EXISTING UNDERGROUND COMMUNICATIONS LINE AND PIONEER TITLE CO.: PAINT STRIPE FOUND 5/8" REBAR AS NOTED THIS IS TO CERTIFY THAT THIS MAP OR PLAT AND THE SURVEY ON WHICH IT IS FOUND 1/2" REBAR AS NOTED BASED WERE MADE IN ACCORDANCE WITH THE 2016 MINIMUM STANDARD DETAIL SET 5/8" REBAR, PLASTIC CAP "1 2 1 HR PARKING" REQUIREMENTS FOR ALTA/NSPS LAND TITLE SURVEYS, JOINTLY ESTABLISHED AND CALCULATION POINT, NOTHING SET ADOPTED BY ALTA AND NSPS, AND INCLUDES ITEMS 1, 2, 3, 4, 6a, 6b, 7a, 7b(1), 8, 9 SIGN AS SHOWN AND 19 OF TABLE A THEREOF. R SIGN "TRAVIS JEFFRIES, P.A." RESERVED PARKING THE FIELD WORK WAS COMPLETED ON 07/06/2016. HC SIGN "HANDICAP" RESERVED PARKING P SIGN "PERMIT" RESERVED PARKING BOISE CITY ORIGINAL TOWNSITE, BOOK 1, PAGE 1, RONALD M. HODGE, PLS 8575 FOR INFORMATIONAL S SIGN "STOP" ROS 3819 FOR ADA COUNTY COURTHOUSE, RHODGE@FOXLANDSURVEYS.COM PURPOSES ONLY ROS 4214 FOR U.S. BANK, P UTILITY POLE DATE OF PLAT OR MAP: 08/04/2016 Jx JOINT POLE WITH TRANSFORMER ORIGINAL SIGNED: GUY ANCHOR LIGHT ORIGINAL ON FILE FLOOD ZONE "X" BOUNDARY TELEPHONE RISER AT THE OFFICE OF v WATER VALVE FOX LAND SURVEYS, INC. WATER SPIGOT WATER METER CB CATCH BASIN RD ROOF DRAIN ALTA/NSPS LAND TITLE SURVEY THE BASIS OF BEARINGS FOR THIS SURVEY WAS ESTABLISHED BY GPS FOR TECHNIQUES, PROJECTED TO THE IDAHO STATE PLANE COORDINATE SYSTEM, NAD PIPE/LINE TERMINUS UNKNOWN G GAS METER STATE OF IDAHO DEPARTMENT OF LANDS 83 DATUM, WEST ZONE. ALL BEARINGS SHOWN ARE ON GRID AZIMUTH AND ALL PARKING BUMPER DISTANCES SHOWN ARE AT GROUND. FOUND PIN CURB & GUTTER 590 W. WASHINGTON ST. SET CAP LOTS 1, 2, 3 AND THE NORTHWESTERLY 16 2/3-FEET OF LOT 4, DECIDUOUS TREE, TRUNK DIAMETER IN INCHES, 10" CANOPY DRAWN TO SCALE IN BLOCK 100 OF BOISE CITY ORIGINAL TOWNSITE, SECTION 10, THE UNDERGROUND UTILITIES SHOWN HAVE BEEN LOCATED FROM SURFACE EVIDENCE OBSERVED IN THE FIELD. XX LOT NUMBER TOWNSHIP 3 NORTH, RANGE 2 EAST, BOISE MERIDIAN DIGLINE WAS NOT CONTACTED TO MARK UTILITY LINES. SOME UTILITY MARKS WERE OBSERVED AND ARE SHOWN HEREON. THE SURVEYOR MAKES NO WARRANTIES OR GUARANTEES THAT THE UNDERGROUND UTILITIES SHOWN ASP ASPHALT PAVEMENT CITY OF BOISE, ADA COUNTY, IDAHO COMPRISE ALL SUCH UTILITIES IN THE AREA EITHER IN SERVICE OR ABANDONED. THE SURVEYOR DOES NOT WARRANT CONC CONCRETE CR CORNER RECORD INSTRUMENT NUMBER, ADA COUNTY RECORDS THE UNDERGROUND UTILITIES SHOWN ARE IN THE EXACT LOCATION INDICATED, ALTHOUGH HE DOES CERTIFY THEY ARE PLANTER / GRASS / LANDSCAPE AREAS LOCATED AS ACCURATELY AS REASONABLY EXPECTED FROM THE OBSERVED EVIDENCE. THE SURVEYOR AND THE ROW PUBLIC RIGHT OF WAY LOCATORS DID NOT PHYSICALLY LOCATE THE UNDERGROUND POSITION OF ANY UTILITIES. (POT HOLING TO OBTAIN TW TRAVELED WAY/ INCLUDES PARALLEL PARKING ON BOTH SIDES OF 1515 SOUTH SHOSHONE STREET BOISE ID HORIZONTAL AND VERTICAL POSITIONS AND PIPE SIZES WAS NOT PERFORMED). THE SURVEYOR DID NOT ENTER ANY W. WASHINGTON ST. AND N. 6TH ST THESE DRAWINGS, OR ANY PORTION THEREOF, SHALL NOT BE USED CONFINED SPACES. THE AGE OF THE UTILITIES IS UNKNOWN. BRICK PAVERS ACAD DWG. FILE DR. CK. PLOT SCALE: ON ANY PROJECT OR EXTENSIONS OF THIS PROJECT EXCEPT BY MS-IDW DSP RMH 1:1 CONCRETE AGREEMENT IN WRITING WITH FOX LAND SURVEYS, INC. CALL DIGLINE PRIOR TO ANY EXCAVATION. SCALE: 1"= 20' DATE: JULY, 2016 SHEET 1 OF 1 40' ROW 48' TW 40' ROW 40' ROW N35 12'37"E ' "DO NOT ENTER" N54 47'55"W ' FW FW FW FW FW FW FW FW FW FW FW FW FW FW FW FW FW FW 40' ROW "HODGE PLS8575" 12.0' 8.0' N35 12' 37"E ' ~STAIRS~ 74.0' DOOR 66.0' 1 RAMP FW FW 2.0' RAMP "HODGE DOOR PLS8575" S54 47' 55"E ' 2 15'TW 1.9' 1.0' 40' TW S54 47' 34"E ' UC UC UC 3 FW FW FW FW FW FW FW FW FW FW 4.0' 16' S54 47'14"E ' 1.6' 33.36' FW FW FW 2.5' 4 7.1' S35 13' 09"W ' 5.0' S35 13'09"W ' 33.36' S35 13'09"W ' [9]

12 Locator Map aerial boise msa [10]

13 Property Demographics SITE DETAILS MAP DEMOGRAPHIC SNAPSHOT 2016 Population: Avg HH Income: Employees: Median Age: 1 Mi. 3 Mi. 5 Mi. 10,734 80, ,803 $60,506 $67,827 $68,76 2,646 6,438 10, Mile 3 Mile 1 Mile [11]

14 Summary Census Population 10,015 10,734 11,296 Households 5,345 5,758 6,095 Families 1,812 1,839 1,875 Average Household Size Owner Occupied Housing Units 1,649 1,534 1,581 Renter Occupied Housing Units 3,696 4,224 4,515 Median Age Trends: Annual Rate Area State National Population 1.03% 1.22% 0.84% Households 1.14% 1.16% 0.79% Families 0.39% 1.07% 0.72% Owner HHs 0.61% 1.20% 0.73% Median Household Income -0.07% 2.54% 1.86% Households by Income Number Percent Number Percent <$15,000 1, % 1, % $15,000 - $24, % % $25,000 - $34, % % $35,000 - $49, % % $50,000 - $74, % % $75,000 - $99, % % $100,000 - $149, % % $150,000 - $199, % % $200, % % Median Household Income $35,859 $35,735 Average Household Income $60,506 $66,363 Per Capita Income $35,091 $38,429 Census Population by Age Number Percent Number Percent Number Percent % % % % % % % % % % % % , % 1, % 1, % , % 2, % 2, % , % 1, % 1, % , % 1, % 1, % , % 1, % 1, % % % 1, % % % % % % % Census Race and Ethnicity Number Percent Number Percent Number Percent White Alone 9, % 9, % 9, % Black Alone % % % American Indian Alone % % % Asian Alone % % % Pacific Islander Alone 8 0.1% % % Some Other Race Alone % % % Two or More Races % % % Property Demographics 1 Mile Trends Annual Rate (in percent) Population Households Families Owner HHs Median HH Income Population by Age Percent Household Income $25K - $34K 11.4% $35K - $49K 12.6% $15K - $24K 12.0% $50K - $74K 14.3% <$15K 25.6% $200K+ 4.7% $150K - $199K 3.3% $100K - $149K 8.6% $75K - $99K 7.5% 2016 Population by Race Percent Area State USA White Black Am. Ind. Asian Pacific Other Two Percent Hispanic Origin: 6.4% Hispanic Origin (Any Race) % % % Data Note: Income is expressed in current dollars. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and July 15, Esri Page 2 of 6 [12]

15 Summary Census Population 75,202 80,148 84,776 Households 34,986 37,194 39,400 Families 16,561 17,066 17,745 Average Household Size Owner Occupied Housing Units 16,656 16,283 17,189 Renter Occupied Housing Units 18,330 20,911 22,212 Median Age Trends: Annual Rate Area State National Population 1.13% 1.22% 0.84% Households 1.16% 1.16% 0.79% Families 0.78% 1.07% 0.72% Owner HHs 1.09% 1.20% 0.73% Median Household Income 2.60% 2.54% 1.86% Households by Income Number Percent Number Percent <$15,000 6, % 6, % $15,000 - $24,999 4, % 4, % $25,000 - $34,999 4, % 5, % $35,000 - $49,999 5, % 3, % $50,000 - $74,999 5, % 6, % $75,000 - $99,999 3, % 3, % $100,000 - $149,999 3, % 4, % $150,000 - $199,999 1, % 1, % $200,000+ 1, % 2, % Median Household Income $42,765 $48,615 Average Household Income $67,827 $73,965 Per Capita Income $32,198 $35,086 Census Population by Age Number Percent Number Percent Number Percent 0-4 4, % 4, % 4, % 5-9 3, % 3, % 3, % , % 3, % 3, % , % 5, % 5, % , % 8, % 8, % , % 14, % 15, % , % 10, % 10, % , % 9, % 9, % , % 9, % 10, % , % 5, % 7, % , % 2, % 3, % 85+ 1, % 1, % 1, % Census Race and Ethnicity Number Percent Number Percent Number Percent White Alone 66, % 69, % 72, % Black Alone 1, % 1, % 2, % American Indian Alone % % % Asian Alone 1, % 2, % 2, % Pacific Islander Alone % % % Some Other Race Alone 2, % 2, % 2, % Two or More Races 2, % 3, % 3, % Property Demographics 3 Mile Trends Annual Rate (in percent) Population Households Families Owner HHs Median HH Income Population by Age Percent 2016 Household Income $35K - $49K 15.1% $25K - $34K 12.2% $50K - $74K 16.1% $15K - $24K 11.9% <$15K 16.9% $200K+ 5.2% $150K - $199K 3.5% $100K - $149K 10.2% $75K - $99K 8.9% 2016 Population by Race Percent Area State USA White Black Am. Ind. Asian Pacific Other Two Percent Hispanic Origin: 8.3% Hispanic Origin (Any Race) 5, % 6, % 8, % Data Note: Income is expressed in current dollars. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and July 15, Esri Page 4 of 6 [13]

16 Summary Census Population 141, , ,089 Households 62,743 67,054 71,199 Families 33,339 34,785 36,371 Average Household Size Owner Occupied Housing Units 34,171 34,118 36,213 Renter Occupied Housing Units 28,572 32,935 34,987 Median Age Trends: Annual Rate Area State National Population 1.19% 1.22% 0.84% Households 1.21% 1.16% 0.79% Families 0.90% 1.07% 0.72% Owner HHs 1.20% 1.20% 0.73% Median Household Income 2.87% 2.54% 1.86% Households by Income Number Percent Number Percent <$15,000 9, % 10, % $15,000 - $24,999 7, % 7, % $25,000 - $34,999 8, % 8, % $35,000 - $49,999 10, % 6, % $50,000 - $74,999 11, % 13, % $75,000 - $99,999 6, % 8, % $100,000 - $149,999 7, % 9, % $150,000 - $199,999 2, % 3, % $200,000+ 3, % 3, % Median Household Income $45,946 $52,941 Average Household Income $68,746 $75,139 Per Capita Income $30,917 $33,737 Census Population by Age Number Percent Number Percent Number Percent 0-4 8, % 8, % 9, % 5-9 7, % 8, % 8, % , % 7, % 8, % , % 9, % 9, % , % 13, % 13, % , % 25, % 26, % , % 19, % 21, % , % 18, % 18, % , % 19, % 19, % , % 12, % 15, % , % 5, % 7, % 85+ 2, % 3, % 3, % Census Race and Ethnicity Number Percent Number Percent Number Percent White Alone 125, % 131, % 137, % Black Alone 2, % 3, % 3, % American Indian Alone 1, % 1, % 1, % Asian Alone 3, % 4, % 5, % Pacific Islander Alone % % % Some Other Race Alone 4, % 5, % 6, % Two or More Races 4, % 5, % 6, % Property Demographics 5 Mile Trends Annual Rate (in percent) Population Households Families Owner HHs Median HH Income Population by Age Percent Household Income $35K - $49K 15.2% $50K - $74K 17.0% $25K - $34K 12.3% $75K - $99K 10.1% $15K - $24K 11.0% <$15K 14.7% $200K+ 4.7% $150K - $199K 3.7% $100K - $149K 11.2% 2016 Population by Race Percent Area State USA White Black Am. Ind. Asian Pacific Other Two Percent Hispanic Origin: 9.2% Hispanic Origin (Any Race) 11, % 13, % 16, % Data Note: Income is expressed in current dollars. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and July 15, Esri Page 6 of 6 [14]

17 Boise Metro Information BOISE, IDAHO - Boise is not only the capital of Idaho, but the center of commerce, politics, population, cultural events, and the blue field that personifies the Boise State Broncos. As a high desert community resting at the foot of the mountains, it is surrounded by thriving bedroom communities rich in their own histories and economies, bringing the metro area population to approximately 696,000. Experts estimate the MSA population will exceed 748,000 by Although Boise is famous for the potato market, it has an equally vibrant economic environment for high-tech, healthcare, education, transportation, service, tourism, and retail industries. Many nationally and globally recognized corporations have a home in Boise including Micron Technology, Hewlett Packard, DirecTV, Albertsons, J.R. Simplot Company, MotivePower, Materne, Heartland RVs, and many others. Forbes consistently ranks Boise as one of the top places in the country to do business, high quality of life, raising a family, entertainment, and recreation. Boise has seen increased development with The Village at Meridian, the Eighth & Main Building, and the under construction City Center Plaza and JUMP Project. And don t forget our three time Fiesta Bowl winning team, the Boise State Broncos! AREA PROFILE KEY CITIES WITHIN THE BOISE AREA MSA Boise 228,930 Meridian 98,300 Eagle 26,930 Nampa 96,820 Caldwell 54,120 Total MSA Population (2017) 695,765 Source: Compass 2017 Population Estimates and 2017 Boise Valley Spotlight. EMPLOYMENT AND INCOME Total Employment (Boise-Nampa MSA 4/17) 314,440 State Unemployment Rate as of April % Per Capita Income $26,306 Median Household Income $53,059 Average Household Income $79,273 Source: Dept. of Labor and STDBonline. TOP EMPLOYERS St. Luke s Micron Technology, Inc. West Ada School District Boise School District Boise State University Saint Alphonsus Health System Walmart City of Boise HP Inc. J.R. Simplot Company Source 2017 Boise Valley Spotlight HOUSING Single-Family Homes sold in Ada Co. (2016) 10,777 Median Home Price $225,673 Single-Family Homes sold in Canyon Co. (2016) 4,056 Median Home Price $156,330 Source: Intermountain MLS and STDBonline. NATIONAL ACCOLADES #1 Lowest Cost Metro in Pacific U.S. - KPMG Competitive Alternatives, 2016 #2 Best Capitol to Live In - WalletHub, 2017 #1 City for New Home Sales (Meridian) - Curbed, 2017 #6 Best Downtown - Livability, 2016 Top 10 Hottest Travel Destinations of Vogue Magazine, 2017 #6 Top States for Job Growth - Forbes, 2016 #3 Popular U.S. Growth Cities - U-Haul, 2017 Best Run City in America (Nampa #1, Boise #3) - WalletHub, 2017 [15]

18 idaho state board of land commissioners commercial buildings & land public auction december 6, 2017 auction details: Location: courtyard marriott, meridian address: 1789 S. eagle road, meridian, idaho Date: december 6, 2017 time: 2:00-4:00 pm [Doors open at 12:00 pm] registration: 12:00-2:00 pm required documents documents needed for participation in auction: 1. Bidder registration form Bidder numbers to be provided day of auction 2. real estate auction terms and conditions agreement 3. Statement of non-collusion signed and notarized 4. endowment Land affidavit signed and notarized 5. Purchase and Sale agreement with agency Disclosure Brochure signed and dated 6. Power of attorney for Bidder s agent if any auction properties the properties will be presented at auction in the following order: 1) 211 n. 5th street 211 n. 5th St. Boise 2) 417 Jefferson street 417 W. Jefferson Boise 3) 401 bannock 401 W. Bannock St. Boise 4) lincoln road commercial e. Lincoln rd. idaho falls 5) 595 university 595 University (Battelle) idaho falls 6) Watertower lot acre parcel (can be combined) meridian 7) Watertower lot acre parcel (can be combined) meridian 8) Watertower lot acre parcel (can be combined) meridian 9) Watertower lot acre parcel (can be combined) meridian 10) 590 Washington 590 W Washington St. Boise register at to receive due diligence, updates, and information through a secure portal. for more information, contact: mike Greene mikeg@ Peter oliver peter@ [16]

19 idaho state board of land commissioners commercial buildings & land summary of terms & conditions 1. the auction for the described Property will be with a reserve amount equal to the appraised value of the property. all bids are subject to acceptance by idl at close of bidding. the winning highest bid accepted by idl (the successful bid ) must be equal to or exceed the reserve amount. 2. all bidders at the auction must be citizens of the United states in accordance with idaho code (and if not citizens, must be pre-authorized to bid by idl prior to the date of the auction); must be eighteen (18) years of age or older; of sound mind; and, legally competent to own and transfer real property in the state of idaho. 3. the state of idaho owns the Property in fee simple and will transfer the fee simple estate in the Property by state deed to the successful bidder ( successful bidder ). 4. the Property shall be sold as is, subject to all existing reservations, easements or claims of easements, rights of way, protective covenants, encumbrances, zoning ordinances and applicable building codes, laws and regulations, encroachments, overlaps, boundary line disputes and all matters of any kind or nature, whether or not of record. 5. Upon registration on the day of the auction, all bidders shall be required to provide a bid deposit ( bid deposit ) for each property they intend to bid upon in the form of a cashier s check(s) in the amount equal to the greater of three percent (3%) of the appraised value of the Property ( reserve amount ), or $10,000. the bid deposit shall be paid at the close of auction, and shall be applied to the purchase price of the Property(ies) at the close of escrow on the real estate Purchase and sale agreement for the Property ( Psa ). the bid deposit is nonrefundable in the event the successful bidder fails to execute the Psa at close of auction, or fails to close escrow for the Psa. 6. at the close of auction, the successful bidder shall execute a Psa with idl, the form of which can be reviewed at idl2017.aspx 7. the total amount due and owing in the Psa shall be the sum of the amount of the successful bid for the Property, plus a buyer's Premium in the amount of three percent (3%) of the successful bid, and all amounts identified in the Psa, including, but not limited to, recordation, closing and escrow costs and fees. 8. closing of the transaction, including recordation and closing of escrow, shall be established by idl no more than sixty (60) days following the close of auction. 9. at close of escrow, after payment in full by the successful bidder on the Psa, the successful bidder will receive a state deed, without warranty, conveying title to the Property. the form of the state deed may be reviewed at if the successful bidder fails to pay any or all amounts due and owing as required at the close of the auction or close of escrow, then all amounts paid by the successful bidder at the close of auction or thereafter, including, but not limited to, the bid deposit and application fee, if any, shall be retained by idl and deemed to be liquidated damages without any further action required by idl; the Psa shall be deemed terminated; and, idl, at its sole discretion, shall be entitled to immediately place the Property for re-auction, or otherwise manage the Property. 11. idl may cancel the auction for the Property at any time prior to idl s acceptance of a successful bid. 12. additional information regarding this auction and the Properties, such as the complete legal description, maps, reports, leases, auction forms, and sample documents (including, but not limited to, the Psa and the state deed), can be found online at Prospective bidders and brokers are invited to contact mike Greene at (208) or mikeg@ for additional information and to schedule a showing of the Property. [17]