CURRENT PROPERTY
Braniff Street Production Yards
Boise, ID
ASSET CLASS:
Industrial
ASSET SUB-TYPE:
Heavy Industrial
BUILDING:
Warehouse: 66,415 Sf; 6,800 new office; 220,815 sf (5.06 acres) yard
Investment Report
Thesis
Overview
This 73,111sf heavy industrial building on 6.75acres will boast 6,800sf of new class A office space, tenant lifestyle improvements (LED lighting, interior and exterior paint, yard seal coating and striping), single or double tenant divided possibilities, 18' high ceilings, is peppered with dock doors and flexible use space and 480v, 3-phase power throughout.
Risks
- Securing a tenant(s)
- Construction taking longer and costing more than expected
OUTLOOK & EXIT
Because of the low vacancy rate and small number of similar facilities in Boise, we believe this will set the bar for heavy industrial expectations in the area.