4200 Hawthorne Rd
Chubbuck, ID 83202

$12,500,000

Description

Opportunity to acquire the interest in a very desirable commercial Investment property. With over $1 million in annual net income the property produces a cap rate of 8.4%. Designed and built for The Allstate Corporation, this 78,225 square foot concrete building situated on 9.61 acres features an open floor plan, ample windows, and 418 free parking spaces. In 2012, the building was awarded LEED certification at the Silver level by the U.S. Green Building Council. Allstate Corporation, the largest publicly held personal lines property and casualty insurer in America, leases 100% of the building. The initial ten-year lease as well as the two five-year options to renew include annual rent increases.

Details

MLS#18-12719
Sub-TypeResale
StatusPending - Show
Year2011
Days On Site99

Features

SQ Feet78,225
Story(s)1
ZoningC2

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Area Information

StateID
CountyBannock
CityChubbuck
Zip Code83202
Area15 - South
Listing VS Median (in 83202)
Price:
$12,500,000
low | high
Med:
$6,344,462
99.2443% of Average
SqFt:
78,225
low | high
Med:
40,110
98.725471396612% of Average
$ / SqFt:
$160
low | high
Med:
$127
70.353744984955% of Average
On Site:
99
low | high
Med:
83.500000
100% of Average
Listing Updated: 03/19/2019
MLS Number: 18-12719
Listing Provided By:
Joel Pearl  of  Pearl Realty

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