Emerald Office Complex
9465 W. Emerald St., Boise, ID 83704
▶ Office
▶ 38,891 SF Total
▶ 2.50 Acre Lot
▶ Listing Price: $8,000,000
▶ Client: Vision Buildings LC
REQUIREMENT
Sell a 39,891 SF office building for the original developer
CHALLENGE
Short-term leases on the two largest tenants
One empty unit
Changing debt climate creating uncertainty
SOLUTION
Renewed largest national credit tenant
Received commitment to renew from second-largest tenant
Leased up empty office space
Targeted 1031 buyers to remove financing challenges
RESULTS
Brought in multiple offers from 1031 Exchange buyers
Sold the building — making the sellers a great profit
