UNION SEED BUILDING NAMPA, ID

Transcription

1 FOR SALE OR LEASE UNION SEED BUILDING NAMPA, ID JAKE TUCKER PATTY GORDON This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s) All rights reserved

2 PROPERTY OVERVIEW Property Profile This 4 building, /- acre project, has approximately 80,542 +/- square feet of building space located in the heart of Downtown Nampa, Idaho. Recently vacated by company who focused on agricultural seed distribution. This location offers a wide range of possibilities and the current zoning caters to many users looking for a downtown location, industrial feel, and/or who need enough space to grow their operations, or are in the need for possible rail service Size»» 80,542 +/- SF Total Project Size (4 Buildings)»» 73,728 +/- SF Available For Lease (3 Buildings) Lot Size Zoning Price (Sale) Price (Lease) NNN /- AC Total Project Size Building /- AC Secured Yard ( /- AC is Separate Parcel) DV-HI (Downtown Village-Heavy Industrial) $3,500, ($43.45 PSF) Total Project Building 1: $.35/SF/MO NNN Building 2: $.38/SF/MO NNN Building 3: $.50/SF/MO NNN Building 4: Not Available Lot 5: $.03/SF/MO NNN $.12/SF/MO *reconciled annually Parcels > > Building 1: Rl , Rl > > Building 2: R , R > > Building 3: R > > Building 4: Rl > > Lot 5: R COLLIERS INTERNATIONAL P. 2

3 PROPERTY OVERVIEW Building Address Tax ID Size Type Building st Avenue South R , R ,973 SF Industrial Building 2 4 & 15 9th Avenue South R , R ,900 SF Industrial Building st Street South R ,404 SF Office Building st Street South R ,265 SF Restaurant West Lot 5 5 8th Avenue South R AC Paved, Secured, Yard 5 SITE NAMPA-CALDWELL BOULEVARD 8 TH AVENUE SOUTH FRONT STREET 9 TH AVENUE SOUTH 1 ST STREET SOUTH COLLIERS INTERNATIONAL P. 3

4 PROPERTY DETAILS Building 1 This property consists of a concrete block build ing with a painted metal roof. The estimated year built is The enclosed warehouse consists of 20,171 SF and 9,802 SF of covered storage. The subject property has approximately 33 feet of clearance height with a loading dock and contains a sprinkler fire suppression system as well as heavy duty electrical service. There is also a l 00,000 lb scale and is optional for a new buyer. The property also has asphalt park ing and enclosed storage. Building 2 The warehouse was previously used for seed cleaning, testing, and storage. There are two sections of the building, one older, one newer. The older section of the building has an office area, clean restrooms, break-room, and a rated storage above the office. The building is concrete block and has a flat roof, with a sprinkler fire suppression system. Clear height is 32 feet with an insulated ceiling. There is a 50,000 lb scale which is optional for a new buyer. Parcel Rl , Rl Parcel R , R Address 15 9th Ave. South & 4 9th Ave. South Address 4 9th Ave. South & 912 1st Ave. South Size 29,973 SF Size 39,900 SF Land Size 1.62 Acres Land Size Acres COLLIERS INTERNATIONAL P. 4

5 PROPERTY DETAILS Building 3 A stand-a-lone office building which was constructed in The interior is in good shape, with eight private offices, a break room, restrooms, a copier/file room, open bullpen, and data closet. There are seventeen parking spaces including one handicapped space and a nicely land scaped yard area. Building 4 This building is currently being rented by a restau rant. The interior consists of a kitchen, restrooms, seating area and storage. The building amenities are HVAC, alarm system, wood and tiled floors. The front of the building is for office and storage use. This building could be converted into other retail space. Not available for lease. Parcel Rl Parcel Rl Address 804 l st St. South Address 824 1st St. South Size 3,404 SF Size 7,265 SF Land Size Acres Land Size Acres Lot /- acres, fully fenced with security fencing, paved with asphalt, and engineered for off-site drainage, possible rail connectivity. Use as storage, save for expansion, or split off with it being its own parcel. COLLIERS INTERNATIONAL P. 5

6 DEMOGRAPHICS 1 Mile 3 Miles 5 Miles POPULATION 2016 Estimated Population 12,650 77, , Projected Population 13,274 81, , Census Population 11,637 72, , Census Population 12,699 52,904 67,199 Projected Annual Growth 2016 to % 1.0% 1.0% HOUSEHOLD 2016 Estimated Households 4,825 27,504 38, Projected Households 5,153 29,446 41, Census Households 4,326 24,973 34, Census Households 4,586 18,438 23,200 INCOME 2016 Est. Average Household Income $35,500 $48,086 $52, Est. Median Household Income $27,221 $40,314 $44,516 EDUCATION (AGE 25+) 2016 Est. High School Graduate 32.6% 31.3% 30.5% 2016 Est. Some College 25.8% 27.4% 27.7% 2016 Est. Associate Degree Only 7.1% 8.3% 8.7% 2016 Est. Bachelor Degree Only 5.9% 11.0% 12.4% 2016 Est. Graduate Degree 2.4% 5.2% 5.4% COLLIERS INTERNATIONAL P. 6

7 AREA OVERVIEW PORTLAND SEATTLE SPOKANE WASHINGTON MISSOULA MONTANA OREGON 400 MILES 200 MILES BOISE IDAHO WYOMING 600 MILES SAN RENO FRANCISCO NEVADA SALT LAKE UTAH LARAMIE The Treasure Valley is strategically located in the Mountain Time Zone in Southwestern Idaho, providing easy non-stop access to all major cities on the West Coast, the Pacific Northwest and the Intermountain West. Of the West s major metropolitan areas, 12 are within 800 miles of the Treasure Valley. CALIFORNIA LOS ANGELES LAS VEGAS The Boise Airport (BOI) is located less than twenty miles from downtown Nampa and handles more than three million travelers each year. # 1Lowest Cost Metro in the Pacific U.S. April 2016 Most Caring City in America December 2015 Best Cities to Live November 2015 Top 100 Best Place to Live September 2015 TOP 10 Best Place to Live in March 2016 Best Air Quality April 2016 Hottest Housing Markets of January 2016 #2 in Up-And-Coming Cities for Recent College Grads June 2015 COLLIERS INTERNATIONAL P. 7

8 AREA OVERVIEW Quality of Life Referred to as the Treasure Valley, the region is home to about 675,000 people. The workforce of roughly 330,000, live within a 45-minute draw area. Known for its extraordinary quality of life and affordable cost of living (currently one of the lowest in the western states, according to the ACCRA Cost of Living Index), the Treasure Valley is consistently ranked by Forbes, The Wall Street Journal, Livability and Inc. Magazine as one of the best places in the U.S. to live and work. Commuting in the Valley The major interstate serving the Treasure Valley is I-84, running through the metro area s major cities (Boise, Meridian, Nampa and Caldwell). Branching off to the northeast is I-184, which runs into downtown Boise. Daily commutes are easy, with several U.S. and state highways providing direct routes and minimal traffic. The average commute time is only 18 minutes. Public transportation is handled by ValleyRide, Treasure Valley Transit and ACHD Commuteride. What about logistics? There are 50 motor freight companies traveling 5 interstates, 20 U.S. highways and 30 state highways that serve the Boise Valley. More than 1,600 miles of rail line through Union Pacific and Burlington Northern Santa Fe provide connection points to Canada, Mexico and the U.S. They are aided by the state s regional line and 6 short line railroads. Annually, the rail system transports over 11 million tons of freight. COLLIERS INTERNATIONAL P. 8

9 AREA OVERVIEW Vibrant Communities Minutes from rivers, lakes and mountains, the Treasure Valley is open 24/7 for any type of outdoor adventure. Recreation Located 17 minutes from downtown Boise, the Bogus Basin Ski Area offers day and lighted night skiing. The Boise River runs through downtown and is accessible through a greenbelt system with over 25 miles of bike paths and 850 acres of parks. With worldclass golf courses, hiking, fishing and mountain biking, the recreation opportunities are virtually unlimited within a 30-minute drive. Diversity While Idaho may not be known for diversity, more than 90 different languages are spoken in the Boise School District. The Treasusre Valley is home to one of the oldest synagogues in the western United States. Over 800 new citizens (refugees) are welcomed to the Boise Valley each year from over 20 foreign countries. The City of Boise has been recognized for its work helping these new citizens acclimate to their new country and helps other communities around the country with their programs. There are more than 24 language courses available through local universities and community education programs and an international baccalaureate program is available. Annual diversity events and resources include the Soul Food Extravaganza, PRIDE activities, Hispanic Cultural Center and the Black History Museum. The Mexican Consulate also has an office in Boise. COLLIERS INTERNATIONAL P. 9

10 AREA OVERVIEW IDAHO TAX OVERVIEW Sales and Use Tax in Idaho is 6%. This would apply to items purchased or consumed in Idaho. Exemptions are available for equipment and raw materials used directly in manufacturing, processing, or fabrication; clean rooms used in semiconductor and semiconductor equipment manufacturing; and any equipment or material used in research and development activities. We do not tax services including telecommunication services, and utilities such as water, gas, electricity, or natural gas. In our region we do not have any local option sales tax. Property Tax personal (machinery/equipment) and real (land/ buildings) based on market value Rates: Ada County Average Range: 1.1% - 1.8% Canyon County Average Range: 1.5% - 2.5% Elmore County Average rate: 1.8% Idaho does not have an inventory tax. Corporate Income Tax Computed at 7.4% of the Idaho taxable income of a corporation. Corporations that are taxable in Idaho and another state or country or are part of a unitary group of corporations, use a 3 factor formula to ascertain how much of the business is conducted in Idaho. The apportionment formula is made up of a property factor, a payroll factor, and a sales factor. These three factors, with the sales factor being double weighted for all taxpayers except for electrical and telephone companies, are totaled and divided by 4 to compute the Idaho apportionment factor. The Idaho apportionment factor is then applied to the business income of the corporation to compute income assigned to Idaho. Non-business income allocable to Idaho is added to the income apportioned to Idaho to arrive at Idaho taxable income. CORPORATE MINIMUM 7% INCOME TAX $7.25/hr WAGE SALES & 6% USE TAX STATE UNEMPLOYMENT 1.91% INSURANCE RATE #2 BEST STATE Property tax rate (2013 Tax Foundation Study) UNION MEMBERSHIP 7.1% (NAT L AVG: 11.9%) 1.6%-7.8% PERSONAL INCOME TAX RATE RANGE Rate range on a bracketed system based on income levels PROPERTY EXEMPTION First $100,000 of personal property is exempt from taxation IDAHO IS A right to work STATE COLLIERS INTERNATIONAL P. 10

11 JAKE TUCKER PATTY GORDON Colliers International Boise 755 W Front Street, Suite 300 Boise, Idaho This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s) All rights reserved