13,500 SF Fully Occupied I Regional Tenant I 9.52% CAP

Introducing a stabilizing industrial investment with a regional credit tenant as a single tenant in a large warehouse facility.​ Details of the lease agreement can be found in the due diligence package, Tenant has been in the location since 10/2018 and will sign a 3 year lease starting December 1st, 2021.​

The building is split into an A and B section as shown in the pictures, although each is accessible to the other right now.​ The future tenancy can become multiple if needed.​ Warehouse section B has high ceilings and the lowest beam height is 16 feet.​ Building A has a max height of 15.5'.​ The warehouse has a railroad spur on the south of the building for railroad access if needed for future agriculture tenants.​

The current owner had made several improvements to the property as listed below including New asphalt roof (2015), Exterior painted (2016), and entire office and bathroom remodel.​

​Complete remodel of the office and bathroom.​
​HVAC system added for office space
​Natural gas line brought to the building.​
​Warehouse gas heater added in section A
​New asphalt roof in 2015 for section A
​TPO roof 2017 of section B.​
​Large barn door windows added to section A
​Exterior painted in 2016 of section A
​Spray foam insulation on walls for section B
​Bean milling equipment was removed from crows nest in section B
​30' elevator shaft was filled in.​
​Three large oversized doors were added with electric garage door openers for two doors.​

Regional Profile: Kimberly Idaho is located within 12 miles of Twin Falls and is considered a bedroom community of Twin Falls.​ The region has a diversified economy including Agriculture, Manufacturing, Retail, and Healthcare.​

​Kimberly has a population of 4,160 people with a 15.5% population increase as of 2020.​ The median income is $42,000 with an unemployment rate of 4% and a median home price of $362,000.​
​Twin Falls has a population of 51,400 people with an 11.15% population increase as of 2020.​ The median income is $41,880 with an unemployment rate of 4.3% and a median home price of $286,000.​
Notes about the property to consider

​Tenant took occupancy in 2018 (Lease in due diligence package) and has been renewed every year since then with the original lease terms controlled.​
​Neighboring east property has been identified as encroaching on the subject land, see survey in due diligence package.​ Title One in Twin Falls to insure sale with these known items.​
​There is a non-compete on the property dated September 2014 with an expiration date of 7 years to prevent an owner from utilizing the property for the purpose of storing edible bean seed.​ See document in due diligence package.​

For financial information and additional documentation navigate to the due diligence vault to sign an NDA - https://www.crexi.com/properties/693085/idaho-13500-sf-fully-occupied-i-regional-tenant-i-952-cap

Location:

435 US-30, Kimberly, ID 83341