Recently Sold | Land | Meridian, Idaho

Meridian, Idaho – May 2021– Lee & Associates Idaho, LLC has facilitated the sale of 3.86 acres of land, located at, NNA E. Pine Ave., Meridian, ID 83642. Lee & Associates’ agents are considered experts in their local markets. In addition, they have access to a national network of 1,000 agents across 60 offices to serve their clients on a local, regional, national and international basis.

Chase Erkins, Principal, at Lee & Associates Idaho, LLC represented the Buyer, Pine 43 Holdings, LLC, and the Seller, TQ Flagstone, LLC was represented by David Berry at Arthur Berry & Company.

Recently Sold | Land | Boise, ID

Boise, Idaho – May 2021– Lee & Associates Idaho, LLC has facilitated the sale of a 0.96-acre lot, located at, 3091 N. Maple Grove Rd., Boise, ID 83704. Lee & Associates’ agents are considered experts in their local markets. In addition, they have access to a national network of 1,000 agents across 60 offices to serve their clients on a local, regional, national and international basis.

Chase Erkins, Principal, and Trey Thomas, Associate, at Lee & Associates Idaho, LLC represented the Buyer, Northern Land Holdings, and the Seller, Maddyn Homes, LLC was represented by Jade Enzler at Silvercreek Realty Group.

Effects of Changing Tax Policy on Commercial Real Estate

In its “American Family Plan,” the Biden administration proposes to nearly double the capital gains tax for people who make more than $1 million a year. The plan will tax capital gains at the same rate wages and salaries are taxed and raise the top marginal income tax rate from 37% to 39.6% for households making $400,000 or more in income. If passed, these taxes will have significant ramifications on the US economy in general and on commercial real estate in particular. This report will examine the tax implications of various aspects of the “American Family Plan.”

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Recently Leased | Retail | Garden City, ID

Garden City, Idaho – April 2021– Lee & Associates Idaho, LLC has facilitated the lease of a 3,426 SF retail space, located at, 3129 W. Chinden Blvd., Garden City, ID 83714. Lee & Associates agents are considered experts in their local markets. In addition, they have access to a national network of 1,000 agents across 60 offices to serve their clients on a local, regional, national and international basis.

Chase Erkins, Principal, and Trey Thomas, Associate, at Lee & Associates Idaho, LLC represented the Landlord, Ranco, LLC, and the Tenant, Reuseum Educational Incorporated was represented by Larkin Hall at Larkin Hall & Associates/Western Idaho Realty.

Recently Leased | Retail | Star, ID

Star, Idaho – March 2021– Lee & Associates Idaho, LLC has facilitated the lease of a 1,800 SF build to suit retail space, located at, Highway 44, Star, ID 83669. Lee & Associates’ agents are considered experts in their local markets. In addition, they have access to a national network of 1,000 agents across 60 offices to serve their clients on a local, regional, national and international basis.

Chase Erkins, Principal, at Lee & Associates Idaho, LLC represented the Tenant, Slurp & Burp Sodas, LLC and the Landlord, CJM, LLLP was represented by Mallisa Jackson and Kelly Schnebly at Colliers International.