1290 W Myrtle Street, Boise, ID 83702
- $31,827,000
- 123,529
- SqFt
Courtesy of CBRE, Inc. Main: 208-644-8000
- List Price
- $31,827,000
Property Description
Premier five-story, Class A office building totaling approximately 123,529 sq. ft. in the heart of Boise, Idaho. Located within a vibrant five-acre mixed-use development anchored by a Hilton Garden Inn and Panera Bread, the Property features institutional-quality construction and a durable, diversified income stream. Currently 96% leased to 12 tenants—including a long-term anchor lease with the General Services Administration extending through 2040—Pioneer Crossing offers investors a stabilized asset with a weighted average lease term (WALT) of 5.8 years. Offered at a significant discount to replacement cost, Pioneer Crossing presents a compelling value proposition in a market characterized by rising asking rents and vacancy rates well below national averages. Investors will benefit from immediate, stable cash flow anchored by government and national credit tenants, while gaining exposure to one of the fastest-growing metropolitan areas in the United States.
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