Archive

Archive for July, 2009

Midyear commercial real estate report for the Treasure Valley

Treasure Valley commercial real estate continued to lose tenants in the first half of 2009, according to a new report from Colliers International.

Vacancy rates went up as absorption rates and prices decreased in office, retail and industrial buildings. But the report points out a few bright spots.

For office space, downtown Boise is healthy and will likely remain so. Vacancy rose just slightly, from 9.5 percent at the end of 2008 to 10.6 percent in mid 2009.

And in retail, Eagle Road has become the “first choice for most retailers,” with the Eagle and Ustick intersection especially attracting new tenants.

Dollar stores, fast food, check cashing and cell phone dealers were actively looking for space.

Action in industrial development in the future will largely be attributable for “build-to-suit projects for companies with specific needs that can’t be satisfied by existing sites,” the report said.

The investment market is at a standstill, according to the report, because of lack of liquidity, income erosion and a disconnect between buyer and seller expectations.

“Owners are getting pummeled from multiple sides, cap rates are increasing and income is dropping as tenants are either failing or asking for rate reductions in their rent,” the report said. “There is money out there for good deals. Buyers tend to be enamored with the homerun deals, instead of focusing on doubles and triples that are available.”

“There appear to be more REITS and private groups raising equity to take advantage of future market conditions,” it continued. “Those investors that have access to capital and patience to endure more stringent lending standards should see great opportunities in the months and years ahead.”

© 2009 Idaho Business Review

Boise Commercial Real Estate – Mallard Place, Blackeagle Center

Mallard Place is a 44,703 square foot, U-shaped, single-story concrete tilt-up buildings that is zoned C-3 and feature individual tenant entrances and generous signage areas. Openings are provided in the rear of the building to accommodate service doors for tenants requiring storage areas in their space.

Mallard Place is located in the high profile Blackeagle Center, a 45-acre business park developed by The Sundance Company in Boise, Idaho. The Blackeagle Center is home to coffee and sandwich shops, athletic centers, as well as various medical providers. There are two access points to I-84 and Flying Wye Connector which are less than 5 minutes from Blackeagle. Located in a one (1)-mile radius of Blackeagle employees can access Costco, Wal-Mart, Lowe’s, Albertsons, Fred Meyer, Walgreens, Starbucks, Boise Spectrum Theatre Complex, and the Boise Towne Square Mall. In addition to these, there are a large variety of banking, day care centers, restaurants, fitness centers, and library in the surrounding area.

Mallard Place
9100 W. Blackeagle Dr.
Boise, ID 83709

Site Area: 3.98 acres
Zoning: C-3D
Year Built: 1998
Project Size: 44,703 square feet
Number of Floors: One
Parking: 5.3/1,000
Construction: Reinforced concrete tilt-up with 6-inch square steel columns on 29’/30’ grid
Roof: Single ply EPDM roofing system on 3/8” gyp board over 3/4” plywood sheathing over Trus-Joist framing system
Floor Construction: 4” reinforced concrete slab
HVAC: 5-ton gas-fired rooftop units. 100,000 BTU; 2,000 CFM
Ceiling: Lay-in acoustic ceiling panels in 2’x4’ T-bar ceiling grid with indirect and recessed lighting
Ceiling Height: 16 feet clear in warehouse areas; 10 feet in office areas
Restrooms: Common restrooms in core areas
Life Safety: Wet pipe fire protection system with alarm valves with Fire Department Connection
Miscellaneous: Extensive perimeter and site landscaping; distinctive wildlife sculptures at property entrances; consistent architecture throughout park.

About The Sundance Company
Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs in Boise, Meridian, Nampa, and the greater Treasure Valley. If your requirements include property management, leasing, real estate development, project planning, construction or space planning then look to us. The Sundance Company has more than 1.5 million square feet of office and industrial space available in prime Boise and Meridian locations.

Please check out The Sundance Company website to view property photos, search for office space or learn more about Sundance’s start-to-finish capabilities. If you prefer to talk to someone in person about your commercial real estate needs, then just give us a call at our Boise office, (208) 322-7300.

Boise Commercial Real Estate – Quail Court, Blackeagle Center

Quail Court is a two-story concrete tilt-up construction featuring abundant parking at over 5/1,000 s.f. Attractive landscaping and well as a wonderful common foyer area make Quail Court an ideal office space for Treasure Valley businesses. First floor tenants have individual exterior entrances and there is extensive space for signage on exterior of building.

Quail Court is located in the high profile Blackeagle Center, a 45-acre business park developed by The Sundance Company in Boise, Idaho. The Blackeagle Center is home to coffee and sandwich shops, athletic centers, as well as various medical providers. There are two access points to I-84 and Flying Wye Connector which are less than 5 minutes from Blackeagle. Located in a one (1)-mile radius of Blackeagle employees can access Costco, Wal-Mart, Lowe’s, Albertsons, Fred Meyer, Walgreens, Starbucks, Boise Spectrum Theatre Complex, and the Boise Towne Square Mall. In addition to these, there are a large variety of banking, day care centers, restaurants, fitness centers, and library in the surrounding area.

Quail Court
1500 South Eagle Flight Way
Boise, ID 83709

Site Area: 3.31 acres
Zoning: C-3D
Year Built: 1999
Project Size: 46,176 square feet, each
Number of Floors: Two
Parking: 6.7/1,000
Construction: Tilt-up, pre-cast concrete panels with 6” steel columns on a 35’x42’ and 35’x28’ grid
Exterior: Reinforced concrete tilt-up panels
Roof: Single-ply EPDM membrane roofing system
Floor Construction: Ground floor – 4” reinforced concrete slab; Second floor –3 ½ ”–5” of concrete over corrugated steel pan
HVAC: 5-ton gas-fired rooftop units – 100,000 BTU, 2,000 CFM
Ceiling: Lay-in acoustic ceiling panels in 2’x4’ T-bar ceiling grid with indirect and recessed lighting
Ceiling Height: 10 feet finished height
Elevator: Dover, 2,000 lb.; Capacity, 100 feet/minute
Restrooms: First floor – common restrooms
Second floor – common restrooms in central core area
Life Safety: Wet pipe fire protection system with alarm valves with Fire Department Connection
Miscellaneous: Extensive perimeter and site landscaping; distinctive wildlife sculptures at property entrances; consistent architecture throughout park.

About The Sundance Company
Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs in Boise, Meridian, Nampa, and the greater Treasure Valley. If your requirements include property management, leasing, real estate development, project planning, construction or space planning then look to us. The Sundance Company has more than 1.5 million square feet of office and industrial space available in prime Boise and Meridian locations.

Please check out The Sundance Company website to view property photos, search for office space or learn more about Sundance’s start-to-finish capabilities. If you prefer to talk to someone in person about your commercial real estate needs, then just give us a call at our Boise office, (208) 322-7300.

Boise Commercial Real Estate – Lynx Center, Blackeage Center

Lynx Center is a 46,650 square foot, two-story, concrete tilt-up building with C-3 zoning. It is visible from Overland Road and has access from S. Kimball Way and S. Eagle Flight Way. The ground-floor tenants have separate entrances with exterior signage in designated locations on the building.

Lynx Center is located in the high profile Blackeagle Center, a 45-acre business park developed by The Sundance Company in Boise, Idaho. The Blackeagle Center is home to coffee and sandwich shops, athletic centers, as well as various medical providers. There are two access points to I-84 and Flying Wye Connector which are less than 5 minutes from Blackeagle. Located in a one (1)-mile radius of Blackeagle employees can access Costco, Wal-Mart, Lowe’s, Albertsons, Fred Meyer, Walgreens, Starbucks, Boise Spectrum Theatre Complex, and the Boise Towne Square Mall. In addition to these, there are a large variety of banking, day care centers, restaurants, fitness centers, and library in the surrounding area.

Lynx Center
9300 W Overland
Boise, ID 83709

Site Area: 3.36 acres
Zoning: C-3D
Year Built: 1998
Project Size: 46,176 square feet
Number of Floors: Two
Parking: 5.7/1,000
Construction: Tilt-up, pre-cast concrete panels with 6” steel columns on a 35’x42’ and 35’x28’ grid
Exterior: Reinforced concrete tilt-up panels
Roof: Single-ply EPDM membrane roofing system
Floor Construction: Ground floor – 4” reinforced concrete slab; Second floor –3 ½ ”–5” of concrete over corrugated steel pan
HVAC: 5-ton gas-fired rooftop units – 100,000 BTU, 2,000 CFM
Ceiling: Lay-in acoustic ceiling panels in 2’x4’ T-bar ceiling grid with indirect and recessed lighting
Ceiling Height: 10 feet finished height
Elevator: Dover, 2,000 lb.; Capacity, 100 feet/minute
Restrooms: First floor – in tenant’s suites. Second floor – common restrooms in central core area
Life Safety: Wet pipe fire protection system with alarm valves with Fire Department
Miscellaneous: Extensive perimeter and site landscaping; distinctive wildlife sculptures at property entrances; consistent architecture throughout park.

About The Sundance Company
Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs in Boise, Meridian, Nampa, and the greater Treasure Valley. If your requirements include property management, leasing, real estate development, project planning, construction or space planning then look to us. The Sundance Company has more than 1.5 million square feet of office and industrial space available in prime Boise and Meridian locations.

Please check out The Sundance Company website to view property photos, search for office space or learn more about Sundance’s start-to-finish capabilities. If you prefer to talk to someone in person about your commercial real estate needs, then just give us a call at our Boise office, (208) 322-7300.

Boise Commercial Real Estate – Pheasant Place, Blackeagle Center

Pheasant Place is located in the high profile Blackeagle Center, a 45-acre business park developed by The Sundance Company in Boise, Idaho. Pheasant Place is shell and core complete; divisible to 1,500 square feet. Generous TI allowance; finish spaces to tenant specifications. It is conveniently located at the corner of Maple Grove and Overland Roads. The Blackeagle Center is home to coffee and sandwich shops, athletic centers, as well as various medical providers. There are two access points to I-84 and Flying Wye Connector which are less than 5 minutes from Blackeagle. Located in a one (1)-mile radius of Blackeagle employees can access Costco, Wal-Mart, Lowe’s, Albertsons, Fred Meyer, Walgreens, Starbucks, Boise Spectrum Theatre Complex, and the Boise Towne Square Mall. In addition to these, there are a large variety of banking, day care centers, restaurants, fitness centers, and library in the surrounding area.

Pheasant Place
9169 W. Blackeagle Drive
Boise, ID 83709

Site Area: 1.07 acres
Zoning: C-3D
Year Built: 2003
Project Size: 12,369 square feet
Number of Floors: One
Parking: 5.0 /1,000
Construction: Steel Frame
Roof: Single ply EPDM roofing system on 3/8” gyp board over 3/4” plywood sheathing over Trus-Joist framing system
Floor Construction: 4” reinforced concrete slab
HVAC: 5-ton gas-fired rooftop units. 100,000 BTU; 2,000 CFM
Ceiling: Lay-in acoustic ceiling panels in 2’x4’ T-bar ceiling grid with indirect and recessed lighting
Ceiling Height: 10’ finished height
Restrooms: Undetermined; waiting build outs
Life Safety: Wet pipe fire protection system with alarm valves with Fire Department Connection
Miscellaneous: Extensive perimeter and site landscaping; distinctive wildlife sculptures at property entrances; consistent architecture throughout park

About The Sundance Company
Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs in Boise, Meridian, Nampa, and the greater Treasure Valley. If your requirements include property management, leasing, real estate development, project planning, construction or space planning then look to us. The Sundance Company has more than 1.5 million square feet of office and industrial space available in prime Boise and Meridian locations.

Please check out The Sundance Company website to view property photos, search for office space or learn more about Sundance’s start-to-finish capabilities. If you prefer to talk to someone in person about your commercial real estate needs, then just give us a call at our Boise office, (208) 322-7300.

Boise Commercial Real Estate – South Cole Annex

The South Cole Annex building is a manufacturing/warehouse facility with generous office space, open workspaces and two lunchrooms.With a convenient location near the Cole/Overland I-84 Interchange in Boise, Idaho, this property offered by The Sundance Company can be an ideal office space for companies looking to enter or relocate in the Treasure Valley market.

South Cole Annex
2925 S Cole Rd
Boise, ID 83709

Site Area: 5.1 acres; 250 feet west frontage of South Cole Rd.
Additional Land: 5.56 acres
Zoning: M-1
Stories: One
Project Size: 54,000 square feet
Construction: Steel frame with ribbed metal siding exterior.
Age: Built in 1989 with a 24,000 SF expansion in 1995.
Roof: Flat, single ply roofing membrane over plywood sheathing.
Ceiling Clear Height: 18’ minimum, 24’ maximum warehouse; 8’ in offices.
Floor Construction: 6” concrete slab
Windows: Double-pane, thermo-glazing in offices.
Warehouse Doors: Dock-high and 12’x14’ overhead loading doors.
Insulation: 9” batt insulation in roof; 3½” batt insulation to exterior walls.
Offices: Commercial carpet & vinyl; acoustical ceiling, fluorescent lights, standard partitioning and finished restrooms.
Warehouse Lights: Suspended tube fluorescent and suspended bulb.
Heating/Cooling: Warehouse has suspended space heat. Office has package electric forced-air and central air conditioning.
Parking: 125 spaces, paved and marked
Site Improvements: Landscaping on South Cole Street.
Special: Full building fire sprinkler system; combination of dock-high loading and 10’x12’ drive-in doors.

About The Sundance Company
Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs in Boise, Meridian, Nampa, and the greater Treasure Valley. If your requirements include property management, leasing, real estate development, project planning, construction or space planning then look to us. The Sundance Company has more than 1.5 million square feet of office and industrial space available in prime Boise and Meridian locations.

Please check out The Sundance Company website to view property photos, search for office space or learn more about Sundance’s start-to-finish capabilities. If you prefer to talk to someone in person about your commercial real estate needs, then just give us a call at our Boise office, (208) 322-7300.

Boise Commercial Real Estate – Red Hawk Court, Blackeagle Center

The Sundance Company is one of the few local commercial real estate companies in the Boise area that self-manages and maintains its own properties—enjoying higher occupancy levels and superior quality control for its projects.

Savvy tenants and buyers look to The Sundance Company for development; office, warehouse, and retail leasing; property management; build-to-suit/construction; and land and building sales. With more than 1.5 million square feet of prime office and industrial space in the greater Treasure Valley, The Sundance Company has the size and diversity to avoid the need for a “one-size-fits-all” approach—thereby assuring customized solutions that are genuinely tailored to each client’s needs.

Today’s featured property is Red Hawk Court , a single-story office building with large windows located in the high profile Blackeagle Center, a 45-acre business park developed by The Sundance Company in Boise, Idaho. The Blackeagle Center is home to coffee and sandwich shops, athletic centers, as well as various medical providers. There are two access points to I-84 and Flying Wye Connector which are less than 5 minutes from Blackeagle. Located in a one (1)-mile radius of Blackeagle employees can access Costco, Wal-Mart, Lowe’s, Albertsons, Fred Meyer, Walgreens, Starbucks, Boise Spectrum Theatre Complex, and the Boise Towne Square Mall. In addition to these, there are a large variety of banking, day care centers, restaurants, fitness centers, and library in the surrounding area.

Red Hawk Court
9292 W. Barnes Drive
Boise, ID 83709

Site Area: 1.22 acres
Zoning: L-OD
Year Built: 1999
Project Size: 14,004 sq. ft.
Number of Floors: One
Parking: 5.1/1,000 ratio
Construction: Class D, wood frame
Exterior: E.F.I.S. over plywood sheathing
Roof: Single ply EPDM roofing system over ½” roof board over ¾” tongue & groove plywood sheathing over Trus Joist frame
Floor Construction: 4” concrete slab
HVAC: 5-ton, gas-fired rooftop units; 100,000 BTU; 2,000 CFM
Ceiling: Lay-in acoustic ceiling panels in 2’x4’ T-bar ceiling grid with indirect and recessed lighting
Ceiling Height: 10’ finished height
Restrooms: Common area restrooms in central core
Life Safety: Wet pipe fire protection system with alarm valves with Fire Department Connection
Miscellaneous: Extensive perimeter and site landscaping; distinctive wildlife sculptures at property entrances; consistent architecture throughout park.

About The Sundance Company
Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs in Boise, Meridian, Nampa, and the greater Treasure Valley. If your requirements include property management, leasing, real estate development, project planning, construction or space planning then look to us. The Sundance Company has more than 1.5 million square feet of office and industrial space available in prime Boise and Meridian locations.

Please check out The Sundance Company website to view property photos, search for office space or learn more about Sundance’s start-to-finish capabilities. If you prefer to talk to someone in person about your commercial real estate needs, then just give us a call at our Boise office, (208) 322-7300.

Convenient Central Bench location within walking distance of shopping, restaurants and the Post Office.