Flex WorkSpace

tokcommercial.com

Mike Greene, SIOR, CCIM 208.947.0835Nick Schuitemaker 208.947.0802Chris Pearson, SIOR 208.947.0859

6023 W CLINTON STREET | bOISE, IdahO 83704

84%LEASED

$6,000,000 | 6.83% CAP (actual)

9.16% CaP (Proforma)Overall Return (actual) 11.24%Overall Return (Proforma) 19.01%

OffERING MEMORaNduM

LOCaTEd IN aN OPPORTuNITY ZONE

The information presented has been obtained from sources believed reliable. You are responsible for confirming its accuracy and completeness. any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction depends on many factors which should be

evaluated through investigation by your advisors.

SECTION 1INvESTMENT OffERING, PROPERTY PhOTOS & REGISTRaTION

SECTION 2fINaNCIaLS & fLOOR PLaNS

SECTION 3dEMOGRaPhICS& aREa INfORMaTION

TabLE Of ContEntS

tokcommercial.com

The Offering 1

The Property 3

Property Photos 5

Property Parcel Map 7

aerial Locator Maps 8

Confidentiality agreement 10

financial Summary 11

Rent Roll 12

Property floor Plans 16

Opportunity Zones 22

demographics 23

Submarket Snapshot 24

boise area Information 26

flex Work Space is a strong value-add opportunity priced below replacement cost ($75.63/Sf). The Property is located in the Central boise submarket near St. alphonsus Regional Medical Center and with close proximity to the I-84 connector. The Property consists of two multi-tenant light industrial buildings, and four multi-tenant office buildings located in boise’s only Opportunity Zone. Each building is situated on an individual parcel with street entry access.

Multiple exit strategies are available to a buyer: individual owner/user resale, small investor sale on individual buildings, or larger investor sale with repositioning and potential acquisition and development of the neighboring lot (separate ownership).

Sale terms include cash to Seller or assumption of existing loan ($3,569,200 total approximate outstanding balance at 4.0% interest, 8/1/2025 maturity).

ThE oFFERInG

CLICK TO vIEW PROPERTY vIdEO

[1]flex Work Spacet o k c o m m e r c i a l . c o m

OffERING SummARy

Offering Price:

CaP Rate (actual):

CaP Rate (Proforma):

Net Operating Income:

Current Occupancy:

Lease Type:

Tenants:

ThE OffERING

$6,000,000 | $75.63 per square foot

6.83%

9.16%

$409,650

84%

Modified Gross Office | NNN Warehouse

The Tax Office, LLCa balanced LifeSwellfox, IncWhole brain Photo, LLCOur Planet Soap Company, LLCSound Waveargos Productions, LLC

Golden West PublicationsRockfellow Enterprises, IncRGIS, LLCRose and associates, Inc.Shook Ideas, LLCThreshold MedicalMcGregor and associates, Inc.

208 Moving, LLCGray’s art & framingTrucker’s Reporting Services, Inc.Caracal uSa, LLCbe. barre LLCacute Rescue & TransportIdaho Rural Water association, Inc.Mountain Life Machinery

hh ventures, LLCIdaho Entertainment Events, Inc.KCI, IncName brand Promotions, LLCfit, LLCCollector CraftSalle Of boise Inc.M2 automation & Control Svcs

[2]flex Work Spacet o k c o m m e r c i a l . c o m

ThE PRoPERtyCEntRAL boISE LoCAtIon• Located near St. alphonsus Medical

Center

• Close proximity to the I-84 Connector

• Easy access to downtown boise or Meridian

StRonG VALuE-ADD oPPoRtunIty• Priced below replacement cost

($75.63/Sf)

• Located in boise’s only Opportunity Zone (See Page 16)

• Individual owner/user resale

• Investor repositioning with upside in below-market rents

• under-market rents on over 70% of current tenants

• Potential development of adjacent lot (separate ownership)

InVEStmEnt PRoFILE• 84% occupied

• Property to be delivered free and clear of any debt, OR with attractive assumable debt financing

• Six multi-tenant office/flex buildings

• 2007 remodel

[3]flex Work Spacet o k c o m m e r c i a l . c o m

Property Name:

Property description:

building Size:

Parcel Size:

Construction date:

Zoning:

building Summary:

ThE PROPERTY

flex Work Space

Multi-Tenant Office/flex buildings

79,329 Sf (total of all 6 buildings)

7 parcels totaling 4.677 acres

1977 | Remodeled 2007

M-1d Limited Industrial

PROPERTY SummARy

Bldg Property Address Building Area Parcel Size 1 6140 Corporal 9,000 RSf 0.566 acres 2 6111 Clinton 9,077 RSf 0.555 acres 3 6058 Corporal 9,076 RSf 0.554 acres 4 6023 Clinton 9,152 RSf 0.457 acres 5 6051 Corporal 22,022 RSf 1.252 acres 6 6133 Corporal 21,002 RSf 1.009 acres Parking Lot Strip 0.284 acres Total 79,329 RSF 4.677 Acres

[4]flex Work Spacet o k c o m m e r c i a l . c o m

PROPERTY PHotoS

[5]flex Work Spacet o k c o m m e r c i a l . c o m

PROPERTY PHotoS

[6]flex Work Spacet o k c o m m e r c i a l . c o m

PaRCEL mAP

6111 Clinton9,077 SFoFFICE

6140 Clinton9,000 SFoFFICE

6058 Corporal9,076 SFoFFICE

6023 Clinton9,152 SFoFFICE

6133 Corporal21,002 SF

Lt. InDuStRIAL

6051 Corporal22,022 SF

Lt. InDuStRIAL

PotentialExpansion Lot

[7]flex Work Spacet o k c o m m e r c i a l . c o m

aREa mAP

FLEX WoRK SPACE

[8]flex Work Spacet o k c o m m e r c i a l . c o m

MaCRO AERIAL

[9]flex Work Spacet o k c o m m e r c i a l . c o m

TO GaIN aCCESS TO a fuLL OffERING

MEMORaNduM, WE aSK ThaT YOu fIRST SIGN a dIGITaL CONfIdENTIaLITY

aGREEMENT fOR

FLEX WoRKSPACE

ThaNK YOu!

SIGNCONfIdENTIaLITY

aGREEMENT