3040 North Five Mile Road

3040 North Five Mile Road, Boise, ID 83713

Property Information

  • For Sale $5,077,432
  • Property Type Office - Medical Office
  • Property Size 23,916 SF
  • Lot Size 2.16 Acre
  • Building Class A
  • Year Built 1999
  • Year Renovated 2021
  • Date Updated Aug 3, 2026

Description

.Lee & Associates is pleased to present the exclusive opportunity to acquire a premier four building, net leased investment located in the heart of Boise, Idaho. This institutional-quality offering provides investors with stable in place cash flow from a credit tenant operating in an essential, government funded industry while offering significant long-term value creation. Priced substantially below today’s replacement cost and leased at below market rates, the property represents an opportunity to acquire a strategically located asset at an attractive basis that provide potential for future income growth as leases expire. Flexible ownership structure, with each building situated on its own legal parcel, allowing for future disposition, refinancing, or portfolio management strategies on an individual basis. Surrounded by dense established rooftops in one of Boise’s most desirable infill locations, the property benefits from strong underlying real estate fundamentals, exceptional accessibility, and positioned in a low vacancy market.

Highlights

  • Four Buildings that are individually parceled
  • RENTAL UPSIDE: Leased at below market lease rates, providing upside potential through future lease renewals
  • VALUE PRICING: Priced below replacement cost, creating an attractive value opportunity

Contacts

Location

Located at 3040 North Five Mile Road, Boise, ID 83713, this property is part of the West Valley neighborhood and Boise market.

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