704 United Heritage Ct

TOK Commercial is pleased to present the offering of 704 E. United Heritage Court in central Meridian. Located in the heart of the Treasure Valley with excellent proximity to I-84, this 18,626-square-foot professional office building sits on 1.82 acres in the highly flexible and desirable CG (General Commercial) zoning district. The asset is currently 78% leased to strong tenants, including Simplicity, DKS Associates, Inc., and E4 Connect, with one 4,088 SF vacant suite remaining. The property is located in one of the highest-demand submarkets for office space, with vacancy currently at just 1.31%.A buyer could immediately occupy the vacancy or take advantage of the seller’s one-year rent guarantee while leasing it up. The offering price of $3,950,000 reflects a 6.4% pro forma cap rate and is well below replacement cost at $212.00/SF. All three existing leases include 3% annual rate increases and are at below-market rates, offering excellent upside. With high visibility, strong surrounding demographics and co-tenancy, and maximum zoning flexibility, 704 E. United Heritage Court is a rare opportunity to acquire or lease in one of Idaho’s most dynamic growth corridors.Built in 2014 on 1.82 acres with CG zoning, this space boasts excellent visibility and access, just 1.3 miles from downtown Meridian. The flexible CG zoning accommodates a diverse range of office and commercial uses, providing versatility for various business requirements. Notable sustainable features include rooftop solar panels that support environmental initiatives. Additionally, electric vehicle charging stations offer convenient amenities for employees, clients, and visitors.