Leased warehouse investment property in Sandpoint, Idaho. This 4 building 3.9+/- acre industrial property has outstanding access and visibility right on the corner of Division and Baldy Mountain Rd., two of Sandpoint's busiest arterials. Formerly the home of Alpine Lumber in Sandpoint the property has been recently remodeled and updated, allowing for new tenants. Most tenants are on multi-year leases. Currently there is approximately 8550' available to an additional tenant or for an owner user. Over 37,000 total building square feet. More than enough land to build additional buildings. At the current asking price with the current NOI this is just under a 6% cap rate. The proforma cap at this price is approximately 7.7%.
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