S Cole Business Park
PROPERTY TYPE
Multi-Tenant Industrial
ROLE
Owner
SQ FEET
138,002
INVESTMENT STATUS
Value-Add Reposition
MARKET
Boise, Idaho
The Approach
Acquired a 20-unit, three building multi-tenant industrial portfolio located in Boise, Idaho. The project was sourced off-market with below market rents and significant deferred maintenance.
Since acquiring the property, Yellow Iron has completed capital improvements including the redesign and rebuild of the drainage system, the installation of a new roof, asphalt paving, landscaping, facade, exterior paint, fencing, curb and tenant improvements. As a result, new leases and renewals have been executed at market rates. The project is anticipated to be a 3-5 year hold with an ultimate disposition after the project is fully stabilized.
Since acquiring the property, Yellow Iron has completed capital improvements including the redesign and rebuild of the drainage system, the installation of a new roof, asphalt paving, landscaping, facade, exterior paint, fencing, curb and tenant improvements. As a result, new leases and renewals have been executed at market rates. The project is anticipated to be a 3-5 year hold with an ultimate disposition after the project is fully stabilized.
- 138,002 Square Feet
- Class B
- Acquired in 2022
Gallery
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