COMMERCIAL BUILDING OFF OF I-90 IN DOWNTOWN CDA FOR SALE/LEASE
Wonderfully located commercial building directly off of I-90 at Sherman exit Eastbound
Sale Price: $890,000
Monthly Rate: $4500/Mo + NNN Charges
9,650 Square feet of space that used to be used as a plumbing/HVAC/Sheetmetal facility. Lots of storage + 10 garage doors and multiple gates around the building to allow for pass-through traffic on the property. Building also has 6 offices + conference room, 3 bathrooms (1 with shower) and small kitchenette area.
6,000 SF on ground level + additional 3,650 upstairs allow for multiple uses. The location cannot be replicated, this is the first building that every vehicle sees exiting eastbound on Sherman Ave.
Buildings like this are near impossible to find in the Coeur d’ Alene area anymore. Spots located near the highway in our area have almost all been turned to retail or hospitality locations thusfar. This area of town, East Sherman & CDA Lake Dr, are exploding in popularity and will be much different in the next couple years…..
This building would work great as an investment property to collect income on, while waiting for the larger plan to take place. $4500 + NNN lease rate ($.47/sf) is a very fair proposal in this market. Given the location and proximity to the highway this building lends itself to a multitude of uses, such as light manufacturing, distrubtion, auto repair, HVAC, plumbing, sheet metal and more.
In all there are 10 total garage doors, with 6 on the front and 1 -12′ door on West side of the building. There is enough fenced area in the back of the building to pull through the garages, or pull around the building from either side.
$4500/mo lease rate @ $890,000 = Actual 6.1% CAP Rate
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