Find Communities

Boise Industrial Facility

Boise, ID

Industrial - Ground-Up Construction

Back to all transactions

Boise, ID

Boise Industrial Facility

INDUSTRIAL - GROUND-UP CONSTRUCTION

ACRES funded an $8.15 million first mortgage construction loan secured by approximately seven acres of land and a to-be-developed, 119,200-square-foot industrial property in Boise, Idaho. This project will include:

  • 50% pre-lease to the Teff Company, a local Boise grain producer/distributor
  • The remainder of the space will be marketed for lease upon commencement of construction

The project represents an opportunity to build a new, modern industrial facility in a tight, upward trending market with dated inventory. Located in Boise’s southeast industrial submarket, the property is an accessible area connecting to South Federal Way, a primary commercial arterial.

The property is immediately proximate to goods, services, and employment centers commensurate with its intended use. Additionally, sponsor has extensive experience in commercial and industrial construction, with 100+ years of experience between him and his staff.

$8.15 Million

Loan Amount

24 Months

Loan Term

Construction Loan

Loan Product

RELATED TRANSACTIONS

The Residences at Glen Harbor

CONDO - ACQUISITION

READ MORE

1118 Sycamore Street

MIXED-USE - ACQUISITION

READ MORE

1439 Peachtree NE

MIXED-USE - ACQUISITION

READ MORE