17 Acre Parcel Suited For Multi-family
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17 Acre Parcel Suited for Multi-Family Primary Contact Paul Bielec, CCIM 208 699 9000 (m) 208.699.9000 [email protected]
Additional Contacts Mike King, CCIM 208.714.4488 (m) [email protected]
Ranging from $128,075 - $306,789
Dani Kramer, CCIM 208.262.4848 (m) [email protected]
17.19 acre parcel with multi-family development potential. Great location with close proximity to: •Pointe at Post Falls Development • Cabela’s, Announced Super Wal-Mart •Riverbend Commerce Park Sysco, Sysco Biopol, Biopol Center Partners • Planned Beck Rd. Interchange Off-sites will be provided. Site will be graded to within 1/10’ and compacted to 90%. Preliminary concept calls for workforce housing of 26 units per acre for a total of 442 units. Subject to final approval of PUD by City of Post Falls. Falls Owner will sell property in up to 3 phases.
Contact Phone: (208) 714-4488 Fax: (866) 348-1031 Coldwell Banker Commercial 2000 Northwest Blvd. Coeur d'Alene, ID 83814 Web www.expopostfalls.com
New development in West Post Falls is projected to create thousands of jobs in the next several years within walking and biking distance of EXPO. The projected growth makes EXPO a prime i llocation ti ffor work-force kf housing. h i Offered at $8,000/door Approximately $3,536,000 for 442 units
Watson Commercial Properties
www.expopostfalls.com
P-10
www.commercial1031group.com
Data is deemed reliable, no warranties or representations expressed or implied. Broker not responsible for changes, errors, omissions, or prior sale without notice.
Proposed Apartment Site Location
Coeur d’Alene, ID Subject Property Spokane, WA Announced Wal‐Mart
Riverbend Commerce Park
Site Details Zoning: Industrial Parcel size: 17.19 Acres Neighbors: Sysco, Sysco Bipol, Bipol Center Partners Partners, Buck Knives Knives, Post Falls Fire Station, Station University of Idaho Research Park, North Idaho Prime Outlets, McDonalds, Flying J Truck Center, Cabela’s, Publicly Announced Super Wal-Mart, Toro Viejo Mexican Restaurant, etc. Utilities: Avista electric & gas, City of Post Falls sewer and water
Site Improvements Developer p will deliver the site g graded to within 1/10 of a foot and compacted p to 90%. Developer will install: - Jacklin Road with all utilities stubbed to the property line. - Connector Road from Expo Parkway to Jacklin Road. - Expo Parkway (subject to phasing of apartment project)
Watson Commercial Properties
www.expopostfalls.com
P-19
www.commercial1031group.com
Data is deemed reliable, no warranties or representations expressed or implied. Broker not responsible for changes, errors, omissions, or prior sale without notice.
Conceptual Site Development Plan of 17.19 Acres NOTE ‐ This Plan Can Be Modified. It Has Not Been Formally Submitted To The City Of Post Falls.
Jacklin Road – Multiple Access Points
Watson Commercial Properties
www.expopostfalls.com
P-20
www.commercial1031group.com
Data is deemed reliable, no warranties or representations expressed or implied. Broker not responsible for changes, errors, omissions, or prior sale without notice.
Apartment Market Kootenai County apartments achieved an average rent of $0.77 per net square foot in 2007. Overall, apartment vacancy decreased to 4.3% from 5.7 % the previous year. Some newer units with exceptional amenities or superior locations are achieving rent of over $1.00 per net square foot. Affordability remains a key concern for Kootenai County. Kootenai County’s affordability has declined over the past decade and is now less affordable than neighboring Spokane County. The growing low-income rental population is driving an increase in demand for affordable housing. Source: 2008 Coldwell Banker Commercial Market Report
Kootenai County Apartment Market Survey 2008
Source: Washington State University Center for Real Estate Research
Watson Commercial Properties
www.expopostfalls.com
P-21
www.commercial1031group.com
Data is deemed reliable, no warranties or representations expressed or implied. Broker not responsible for changes, errors, omissions, or prior sale without notice.
EXPO Location
Watson Commercial Properties
www.expopostfalls.com
P-12
www.commercial1031group.com
Data is deemed reliable, no warranties or representations expressed or implied. Broker not responsible for changes, errors, omissions, or prior sale without notice.
Surrounding Attractions
11 12
10 9
7 8 1
2
3 5
6
4
50 mile radius Spokane International Airport Northern Quest Casino 2 Spokane, WA Riverfront Park Nordstrom's River Park Square & Northtown Mall p Spokane Convention Center 1
Spokane Valley, WA Spokane Valley Mall 4 Coeur d’Alene Tribal Casino Circling Raven Golf Course 3
5
6
Silver Mountain Ski Resort
7
Cabela’s
8
Coeur d’Alene Golf & Spa Resort
9
Spokane Mountain Ski Resort
Sil d Theme Park Th P k 10 Silverwood 11 Schweitzer Mountain Ski Resort 12 The Idaho Club
Black Rock Golf Course Gozzer Ranch Golf Course
Watson Commercial Properties
www.expopostfalls.com
P-13
www.commercial1031group.com
Data is deemed reliable, no warranties or representations expressed or implied. Broker not responsible for changes, errors, omissions, or prior sale without notice.
About Post Falls, ID In the past decade, Post Falls has seen numerous businesses locate to the business friendly town. Notable companies include: Flexcel, Inc., a major furniture manufacturer that relocated to north Idaho and employs a workforce of 440. Center Partners, a call center business (employing a workforce of 300) Buck Knives who brought their manufacturing headquarters (workforce of 250) to the city. Sysco Food Services opened a regional distribution plant during 2005. Biopol, a high tech medical research firm located to Post Falls in 2007. They will research and create allergy vaccines in the Riverbend Commerce Park. Cabela’s opened in 2007. Another 800,000 sq. ft. of additional retail space and more than 4,000 jobs expected at full build out of the Pointe at Post Falls, Expo at Post Falls and other adjacent properties. Super Wal-Mart is expected to open in 2009.
Watson Commercial Properties
www.expopostfalls.com
P-14
www.commercial1031group.com
Data is deemed reliable, no warranties or representations expressed or implied. Broker not responsible for changes, errors, omissions, or prior sale without notice.
Traffic Counts
Watson Commercial Properties
www.expopostfalls.com
P-16
www.commercial1031group.com
Data is deemed reliable, no warranties or representations expressed or implied. Broker not responsible for changes, errors, omissions, or prior sale without notice.
Household Growth
Watson Commercial Properties
www.expopostfalls.com
P-17
www.commercial1031group.com
Data is deemed reliable, no warranties or representations expressed or implied. Broker not responsible for changes, errors, omissions, or prior sale without notice.
Total Population by Census Block Group
Watson Commercial Properties
www.expopostfalls.com
P-18
www.commercial1031group.com
Data is deemed reliable, no warranties or representations expressed or implied. Broker not responsible for changes, errors, omissions, or prior sale without notice.
EXPO – Retail, Multi-Family, Industrial Commerce Park Light Industrial Lots Beck/Seltice Commercial (7.37 Acres) Proposed Multi-Family Site (17 Acres, 442 Units) Woodbridge Community (270 Single Family Homes)
Pleasantview Rd. I-90/Highway 53 Connection
Pointe at Post Falls - Cabela’s - Planned Super Wal-Mart - Planned Lowe’s
Future Beck Rd. Interchange 2010 Estimated Completion
I-90 Exit 2 Pleasantview Rd. Interchange (46,000+ CPD 2006)
Riverbend Commerce Park Spokane River
Watson Commercial Properties
www.expopostfalls.com
L‐1
www.commercial1031group.com
Data is deemed reliable, no warranties or representations expressed or implied. Broker not responsible for changes, errors, omissions, or prior sale without notice.
East View
Coeur d’Alene, ID
I-90 Pleasantview Rd. Interchange (46,000+ CPD 2006)
Commerce Park
EXPO Retail/Commercial/Industrial/Multi-Family Woodbridge Community 270 SFH
Sysco
Seltice/Beck 7.37 Acres
Future Beck Rd. Interchange 2010 Estimated Completion
Idaho Border Property 7.62 Acres
Planned Wal-Mart Superstore
Idaho-Washington Border Border Triangle Property 0.38 Acres Washington Border Property 5.41 Acres
Stateline I-90 Interchange
Note: Outlines are approximate. Use record of survey for exact measurements.
Watson Commercial Properties
www.expopostfalls.com
L‐2
www.commercial1031group.com
Data is deemed reliable, no warranties or representations expressed or implied. Broker not responsible for changes, errors, omissions, or prior sale without notice.
Conceptual Site Plan EXPO – Retail, R t il M Multi-Family, lti F il IIndustrial d ti l Commerce Park Light Industrial Lots Beck/Seltice Commercial (7.37 Acres) Proposed Multi-Family Site (17 Acres, 442 Units) Woodbridge g Community y ((270 Single g Family y Homes))
Pleasantview Rd. Rd I-90/Highway 53 Connection
Pointe at Post Falls - Existing Cabela’s - Planned Super Wal-Mart - Planned Lowe’s
I-90 Exit 2 Pleasantview Rd. Interchange (46,000+ CPD 2006)
Border Property
Future Beck Rd. Interchange 2010 Estimated Completion Riverbend Commerce Park Note: Outlines are approximate. Use record of survey for exact measurements.
Watson Commercial Properties
www.expopostfalls.com
L‐4
www.commercial1031group.com
Data is deemed reliable, no warranties or representations expressed or implied. Broker not responsible for changes, errors, omissions, or prior sale without notice.
Conceptual Site Plan EXPO – Retail, R t il M Multi-Family, lti F il IIndustrial d ti l Commerce Park Light Industrial Lots Beck/Seltice Commercial (7.37 Acres) Proposed Multi-Family Site (17 Acres, 442 Units) Woodbridge g Community y ((270 Single g Family y Homes))
Pleasantview Rd. Rd I-90/Highway 53 Connection
Pointe at Post Falls - Existing Cabela’s - Planned Super Wal-Mart - Planned Lowe’s
I-90 Exit 2 Pleasantview Rd. Interchange (46,000+ CPD 2006)
Border Property
Future Beck Rd. Interchange 2010 Estimated Completion Riverbend Commerce Park Note: Outlines are approximate. Use record of survey for exact measurements.
Watson Commercial Properties
www.expopostfalls.com
L‐5
www.commercial1031group.com
Data is deemed reliable, no warranties or representations expressed or implied. Broker not responsible for changes, errors, omissions, or prior sale without notice.
Conceptual Site Plan
EXPO – Retail, Multi-Family, Industrial Commerce Park Light Industrial Lots Beck/Seltice B k/S lti Commercial C i l (7.37 (7 37 A Acres)) Proposed Multi-Family Site (17 Acres, 442 Units) Woodbridge Community (270 Single Family Homes)
To Planned Beck Rd. I-90 Interchange
Woodbridge Community ((270 Single g Family y Homes))
NAP
Commerce Park Light g Industrial Lots 0.43 – 10 Acres
Apartment Site Available
Planned Taco Bell
Sh ll G Shell Gas St Station ti Planned Love’s Travel Center
Watson Commercial Properties
www.expopostfalls.com
L‐6
www.commercial1031group.com
Data is deemed reliable, no warranties or representations expressed or implied. Broker not responsible for changes, errors, omissions, or prior sale without notice.
10 Minute Drive Time - Spokane p Valley, y, Coeur d’Alene 20 Minute Drive Time - Hayden, Spokane 30 Minute Drive Time - Spokane International Airport
Watson Commercial Properties
www.expopostfalls.com
L‐10
www.commercial1031group.com
Data is deemed reliable, no warranties or representations expressed or implied. Broker not responsible for changes, errors, omissions, or prior sale without notice.
Additional Contacts Mike King, CCIM 208.714.4488 (m) [email protected]
Ranging from $128,075 - $306,789
Dani Kramer, CCIM 208.262.4848 (m) [email protected]
17.19 acre parcel with multi-family development potential. Great location with close proximity to: •Pointe at Post Falls Development • Cabela’s, Announced Super Wal-Mart •Riverbend Commerce Park Sysco, Sysco Biopol, Biopol Center Partners • Planned Beck Rd. Interchange Off-sites will be provided. Site will be graded to within 1/10’ and compacted to 90%. Preliminary concept calls for workforce housing of 26 units per acre for a total of 442 units. Subject to final approval of PUD by City of Post Falls. Falls Owner will sell property in up to 3 phases.
Contact Phone: (208) 714-4488 Fax: (866) 348-1031 Coldwell Banker Commercial 2000 Northwest Blvd. Coeur d'Alene, ID 83814 Web www.expopostfalls.com
New development in West Post Falls is projected to create thousands of jobs in the next several years within walking and biking distance of EXPO. The projected growth makes EXPO a prime i llocation ti ffor work-force kf housing. h i Offered at $8,000/door Approximately $3,536,000 for 442 units
Watson Commercial Properties
www.expopostfalls.com
P-10
www.commercial1031group.com
Data is deemed reliable, no warranties or representations expressed or implied. Broker not responsible for changes, errors, omissions, or prior sale without notice.
Proposed Apartment Site Location
Coeur d’Alene, ID Subject Property Spokane, WA Announced Wal‐Mart
Riverbend Commerce Park
Site Details Zoning: Industrial Parcel size: 17.19 Acres Neighbors: Sysco, Sysco Bipol, Bipol Center Partners Partners, Buck Knives Knives, Post Falls Fire Station, Station University of Idaho Research Park, North Idaho Prime Outlets, McDonalds, Flying J Truck Center, Cabela’s, Publicly Announced Super Wal-Mart, Toro Viejo Mexican Restaurant, etc. Utilities: Avista electric & gas, City of Post Falls sewer and water
Site Improvements Developer p will deliver the site g graded to within 1/10 of a foot and compacted p to 90%. Developer will install: - Jacklin Road with all utilities stubbed to the property line. - Connector Road from Expo Parkway to Jacklin Road. - Expo Parkway (subject to phasing of apartment project)
Watson Commercial Properties
www.expopostfalls.com
P-19
www.commercial1031group.com
Data is deemed reliable, no warranties or representations expressed or implied. Broker not responsible for changes, errors, omissions, or prior sale without notice.
Conceptual Site Development Plan of 17.19 Acres NOTE ‐ This Plan Can Be Modified. It Has Not Been Formally Submitted To The City Of Post Falls.
Jacklin Road – Multiple Access Points
Watson Commercial Properties
www.expopostfalls.com
P-20
www.commercial1031group.com
Data is deemed reliable, no warranties or representations expressed or implied. Broker not responsible for changes, errors, omissions, or prior sale without notice.
Apartment Market Kootenai County apartments achieved an average rent of $0.77 per net square foot in 2007. Overall, apartment vacancy decreased to 4.3% from 5.7 % the previous year. Some newer units with exceptional amenities or superior locations are achieving rent of over $1.00 per net square foot. Affordability remains a key concern for Kootenai County. Kootenai County’s affordability has declined over the past decade and is now less affordable than neighboring Spokane County. The growing low-income rental population is driving an increase in demand for affordable housing. Source: 2008 Coldwell Banker Commercial Market Report
Kootenai County Apartment Market Survey 2008
Source: Washington State University Center for Real Estate Research
Watson Commercial Properties
www.expopostfalls.com
P-21
www.commercial1031group.com
Data is deemed reliable, no warranties or representations expressed or implied. Broker not responsible for changes, errors, omissions, or prior sale without notice.
EXPO Location
Watson Commercial Properties
www.expopostfalls.com
P-12
www.commercial1031group.com
Data is deemed reliable, no warranties or representations expressed or implied. Broker not responsible for changes, errors, omissions, or prior sale without notice.
Surrounding Attractions
11 12
10 9
7 8 1
2
3 5
6
4
50 mile radius Spokane International Airport Northern Quest Casino 2 Spokane, WA Riverfront Park Nordstrom's River Park Square & Northtown Mall p Spokane Convention Center 1
Spokane Valley, WA Spokane Valley Mall 4 Coeur d’Alene Tribal Casino Circling Raven Golf Course 3
5
6
Silver Mountain Ski Resort
7
Cabela’s
8
Coeur d’Alene Golf & Spa Resort
9
Spokane Mountain Ski Resort
Sil d Theme Park Th P k 10 Silverwood 11 Schweitzer Mountain Ski Resort 12 The Idaho Club
Black Rock Golf Course Gozzer Ranch Golf Course
Watson Commercial Properties
www.expopostfalls.com
P-13
www.commercial1031group.com
Data is deemed reliable, no warranties or representations expressed or implied. Broker not responsible for changes, errors, omissions, or prior sale without notice.
About Post Falls, ID In the past decade, Post Falls has seen numerous businesses locate to the business friendly town. Notable companies include: Flexcel, Inc., a major furniture manufacturer that relocated to north Idaho and employs a workforce of 440. Center Partners, a call center business (employing a workforce of 300) Buck Knives who brought their manufacturing headquarters (workforce of 250) to the city. Sysco Food Services opened a regional distribution plant during 2005. Biopol, a high tech medical research firm located to Post Falls in 2007. They will research and create allergy vaccines in the Riverbend Commerce Park. Cabela’s opened in 2007. Another 800,000 sq. ft. of additional retail space and more than 4,000 jobs expected at full build out of the Pointe at Post Falls, Expo at Post Falls and other adjacent properties. Super Wal-Mart is expected to open in 2009.
Watson Commercial Properties
www.expopostfalls.com
P-14
www.commercial1031group.com
Data is deemed reliable, no warranties or representations expressed or implied. Broker not responsible for changes, errors, omissions, or prior sale without notice.
Traffic Counts
Watson Commercial Properties
www.expopostfalls.com
P-16
www.commercial1031group.com
Data is deemed reliable, no warranties or representations expressed or implied. Broker not responsible for changes, errors, omissions, or prior sale without notice.
Household Growth
Watson Commercial Properties
www.expopostfalls.com
P-17
www.commercial1031group.com
Data is deemed reliable, no warranties or representations expressed or implied. Broker not responsible for changes, errors, omissions, or prior sale without notice.
Total Population by Census Block Group
Watson Commercial Properties
www.expopostfalls.com
P-18
www.commercial1031group.com
Data is deemed reliable, no warranties or representations expressed or implied. Broker not responsible for changes, errors, omissions, or prior sale without notice.
EXPO – Retail, Multi-Family, Industrial Commerce Park Light Industrial Lots Beck/Seltice Commercial (7.37 Acres) Proposed Multi-Family Site (17 Acres, 442 Units) Woodbridge Community (270 Single Family Homes)
Pleasantview Rd. I-90/Highway 53 Connection
Pointe at Post Falls - Cabela’s - Planned Super Wal-Mart - Planned Lowe’s
Future Beck Rd. Interchange 2010 Estimated Completion
I-90 Exit 2 Pleasantview Rd. Interchange (46,000+ CPD 2006)
Riverbend Commerce Park Spokane River
Watson Commercial Properties
www.expopostfalls.com
L‐1
www.commercial1031group.com
Data is deemed reliable, no warranties or representations expressed or implied. Broker not responsible for changes, errors, omissions, or prior sale without notice.
East View
Coeur d’Alene, ID
I-90 Pleasantview Rd. Interchange (46,000+ CPD 2006)
Commerce Park
EXPO Retail/Commercial/Industrial/Multi-Family Woodbridge Community 270 SFH
Sysco
Seltice/Beck 7.37 Acres
Future Beck Rd. Interchange 2010 Estimated Completion
Idaho Border Property 7.62 Acres
Planned Wal-Mart Superstore
Idaho-Washington Border Border Triangle Property 0.38 Acres Washington Border Property 5.41 Acres
Stateline I-90 Interchange
Note: Outlines are approximate. Use record of survey for exact measurements.
Watson Commercial Properties
www.expopostfalls.com
L‐2
www.commercial1031group.com
Data is deemed reliable, no warranties or representations expressed or implied. Broker not responsible for changes, errors, omissions, or prior sale without notice.
Conceptual Site Plan EXPO – Retail, R t il M Multi-Family, lti F il IIndustrial d ti l Commerce Park Light Industrial Lots Beck/Seltice Commercial (7.37 Acres) Proposed Multi-Family Site (17 Acres, 442 Units) Woodbridge g Community y ((270 Single g Family y Homes))
Pleasantview Rd. Rd I-90/Highway 53 Connection
Pointe at Post Falls - Existing Cabela’s - Planned Super Wal-Mart - Planned Lowe’s
I-90 Exit 2 Pleasantview Rd. Interchange (46,000+ CPD 2006)
Border Property
Future Beck Rd. Interchange 2010 Estimated Completion Riverbend Commerce Park Note: Outlines are approximate. Use record of survey for exact measurements.
Watson Commercial Properties
www.expopostfalls.com
L‐4
www.commercial1031group.com
Data is deemed reliable, no warranties or representations expressed or implied. Broker not responsible for changes, errors, omissions, or prior sale without notice.
Conceptual Site Plan EXPO – Retail, R t il M Multi-Family, lti F il IIndustrial d ti l Commerce Park Light Industrial Lots Beck/Seltice Commercial (7.37 Acres) Proposed Multi-Family Site (17 Acres, 442 Units) Woodbridge g Community y ((270 Single g Family y Homes))
Pleasantview Rd. Rd I-90/Highway 53 Connection
Pointe at Post Falls - Existing Cabela’s - Planned Super Wal-Mart - Planned Lowe’s
I-90 Exit 2 Pleasantview Rd. Interchange (46,000+ CPD 2006)
Border Property
Future Beck Rd. Interchange 2010 Estimated Completion Riverbend Commerce Park Note: Outlines are approximate. Use record of survey for exact measurements.
Watson Commercial Properties
www.expopostfalls.com
L‐5
www.commercial1031group.com
Data is deemed reliable, no warranties or representations expressed or implied. Broker not responsible for changes, errors, omissions, or prior sale without notice.
Conceptual Site Plan
EXPO – Retail, Multi-Family, Industrial Commerce Park Light Industrial Lots Beck/Seltice B k/S lti Commercial C i l (7.37 (7 37 A Acres)) Proposed Multi-Family Site (17 Acres, 442 Units) Woodbridge Community (270 Single Family Homes)
To Planned Beck Rd. I-90 Interchange
Woodbridge Community ((270 Single g Family y Homes))
NAP
Commerce Park Light g Industrial Lots 0.43 – 10 Acres
Apartment Site Available
Planned Taco Bell
Sh ll G Shell Gas St Station ti Planned Love’s Travel Center
Watson Commercial Properties
www.expopostfalls.com
L‐6
www.commercial1031group.com
Data is deemed reliable, no warranties or representations expressed or implied. Broker not responsible for changes, errors, omissions, or prior sale without notice.
10 Minute Drive Time - Spokane p Valley, y, Coeur d’Alene 20 Minute Drive Time - Hayden, Spokane 30 Minute Drive Time - Spokane International Airport
Watson Commercial Properties
www.expopostfalls.com
L‐10
www.commercial1031group.com
Data is deemed reliable, no warranties or representations expressed or implied. Broker not responsible for changes, errors, omissions, or prior sale without notice.
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