10 W Judicial Street

    Blackfoot, ID 83221
    • $900,000
    • STATUS: Active
    • ON SITE: 64 days
    • MLS #: 2117566
    UPDATED: 38 min ago
    $900,000
    • 0
      BEDS
    • 0.29
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,819
      SQFT
    • $187
      $/SQFT
    Type:
    Commercial
    Built:
    2001
    County:
    Area:

    School Ratings & Info

    Description

    Highly visible location on main thru fare in Blackfoot. Long time, well established location for this insurance business, first as Premier Insurance, now as HUB Insurance due to meager with world recognized company to have access to more underwriting markets. Excellent CAP rate at 7.46 with annual 3% COL increases. Can assume current lease expiring in 2020, or re-write new 5 yr. lease with 5 yr. extension option. Corporate guarantee. Gross lease with NOI factoring 'Management Fee' in. Utilities, City sewer and water paid by HUB directly. Current management willing to continue with new owner. As good as an investment available on the market.

    Monthly Payment Calculator

    Information provided by Snake River Regional Multiple Listing Service (SNRRMLS) is deemed reliable but not guaranteed. Real estate listings held by brokerage firms other than The Perfect Home-Five Doors are marked with the SNRRMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2018-11-15T13:23:35.45.
    idahofalls.fivedoorsrealestate.com/homes/87403211

    10 W Judicial Street Blackfoot, ID 83221

    • Price: $900,000
    • Status: Active
    • Updated: 38 min ago
    • MLS #: 2117566
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.29
    Acres
    4,819
    SQFT
    $187
    $/SQFT
    2001
    Built
    County:
    Bingham
    Area:
    Blackfoot
    Property Description
    Highly visible location on main thru fare in Blackfoot. Long time, well established location for this insurance business, first as Premier Insurance, now as HUB Insurance due to meager with world recognized company to have access to more underwriting markets. Excellent CAP rate at 7.46 with annual 3% COL increases. Can assume current lease expiring in 2020, or re-write new 5 yr. lease with 5 yr. extension option. Corporate guarantee. Gross lease with NOI factoring 'Management Fee' in. Utilities, City sewer and water paid by HUB directly. Current management willing to continue with new owner. As good as an investment available on the market.
    Exterior Features

    Construction And Status BrickFrame Exterior Primary Brick Foundation Slab Landscaping Concrete CurbingSprinkler AutoEstablished LawnSprinkler ManualEstablished TreesSprinkler System-Partial Location High TrafficInterstate Exit/Access Off Street Parking 30 Overhead Doors No Parking Off StreetParking Lot Roof ArchitecturalShake Topography Setting Corner Lot

    Interior Features

    Air Conditioning Heat Pump Basement Partial Basement Percent Finished .10 Heat Source And Type Forced AirHeat PumpGas Restrooms 3 Sq Ft Above Grade 4819 Sq Ft Below Grade 400

    Property Features

    Actual Annual Gross Income 90626.00 Annual Insurance 676.00 Association Fee Includes None Cap Rate 7.46 Covenants No Current Use Office Distressed Property Not Applicable Documents On File Other-See Remarks Exclusions All FurnitureDesksChairsArt And Wall HangingsPicturesStorage RacksAnd All Personal Property. Extras High VisbilityRestroomsHighway AccessPhone SystemHigh Traffic Location Flood Plain N Handicap Access Yes Monthly Leased Rate 7552 Net Operating Income 67142.00 Owner Pays InsuranceJanitorial ServiceSnow RemovalTrash CollectionTaxes Possible Use Office Price Per Sq Ft Annually 18.81 Prior Use Office Property Type Real Estate Only Provider Other Info Rocky Mountain Power Sep Utilities No Sewer Public Sewer Tax Year 2017 Taxes 6541.30 Tenant Pays SewerElectricityWater Terms CashConventional Water Public Zoning General Blackfoot Comm Com Zoning Specific Blackfoot-C2-Community Commerc

    Listing provided courtesy of Keller Williams Realty East Idaho.
    Information provided by Snake River Regional Multiple Listing Service (SNRRMLS) is deemed reliable but not guaranteed. Real estate listings held by brokerage firms other than The Perfect Home-Five Doors are marked with the SNRRMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2018-11-15T13:23:35.45.
     
    The Perfect Home-Five Doors
    3525 Merlin Dr
    Idaho Falls ID, 83404