240 Taylor Ave, Meridian, ID 83642

Colliers International, as exclusive advisor to the seller, is pleased to present the net-leased investment opportunity of the fee-simple interest in a net leased industrial facility with active rail spur in Meridian, ID, one of the fastest growing cities in the U.S.

A NNN lease with a primary term of 10 years will commence upon close of escrow for 74% of the property, or 135,804 SF. The lease will be executed by Idapine Mills, LLC with a personal guaranty from its Principal investor, annual rent increases during the initial term shall be 1.5%. The lease will include three (3) 10 year options to extend the lease and tenant shall maintain a right of first refusal to purchase the property throughout its lease term, including option periods.

Seller is actively marketing the balance of the project, 48,613 SF warehouse portion of building 1, for lease. In the event this portion is not leased by close of escrow, seller will provide a 12 month rent guaranty along with a credit for anticipated leasing costs.