17 Acre Parcel Suited for Multi-Family

Primary Contact
Paul Bielec, CCIM
208 699 9000 (m)
208.699.9000
pbielec@ccim.net

Additional Contacts
Mike King, CCIM
208.714.4488 (m)
mking@ccim.net

Ranging from $128,075 - $306,789

Dani Kramer, CCIM
208.262.4848 (m)
dbielec@ccim.net

17.19 acre parcel with multi-family development potential. Great

location with close proximity to: Contact
•Pointe at Post Falls Development Phone: (208) 714-4488
• Cabela’s, Announced Super Wal-Mart Fax: (866) 348-1031
•Riverbend Commerce Park
ƒ Sysco,
Sysco Biopol,
Biopol Center Partners Coldwell Banker Commercial
2000 Northwest Blvd.
• Planned Beck Rd. Interchange
Coeur d'Alene, ID 83814

Off-sites will be provided. Site will be graded to within 1/10’ and Web
compacted to 90%. Preliminary concept calls for workforce www.expopostfalls.com
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.

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

1 Spokane International Airport 6 Silver Mountain Ski Resort
Northern Quest Casino
7 Cabela’s
2 Spokane, WA
Riverfront Park 8 Coeur d’Alene Golf & Spa Resort
Nordstrom's
River Park Square & Northtown Mall 9 Spokane Mountain Ski Resort
p
Spokane Convention Center
10 Silverwood
Sil d Theme Park
Th P k
3 Spokane Valley, WA
Spokane Valley Mall 11 Schweitzer Mountain Ski Resort
4 Coeur d’Alene Tribal Casino 12 The Idaho Club
Circling Raven Golf Course
5 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:
ƒ Flexcel, Inc., a major furniture manufacturer that relocated to north Idaho and employs
a workforce of 440.
ƒ Center Partners, a call center business (employing a workforce of 300)
ƒ Buck Knives who brought their manufacturing headquarters (workforce of 250) to the
city.
ƒ Sysco Food Services opened a regional distribution plant during 2005.
ƒ 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.
ƒ 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.
ƒ 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 Pleasantview Rd.
„ Beck/Seltice Commercial (7.37 Acres) I-90/Highway 53 Connection
„ Proposed Multi-Family Site (17 Acres, 442 Units)
„ Woodbridge Community (270 Single Family Homes)

Pointe at Post Falls

- Cabela’s
- Planned Super Wal-Mart
- Planned Lowe’s

I-90 Exit 2
Pleasantview Rd. Interchange
(46,000+ CPD 2006)
Future Beck Rd. Interchange
2010 Estimated Completion

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
Future Beck Rd. Interchange
270 SFH
Sysco 2010 Estimated Completion
Seltice/Beck 7.37 Acres
Idaho Border
Planned Wal-Mart Superstore Property 7.62 Acres

Idaho-Washington Border
Border Triangle Property
0.38 Acres

Washington Border
Stateline I-90 Interchange
Property 5.41 Acres

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 Pleasantview Rd.
Rd
„ Commerce Park Light Industrial Lots I-90/Highway 53 Connection
„ Beck/Seltice Commercial (7.37 Acres)
„ Proposed Multi-Family Site (17 Acres, 442 Units)
„ Woodbridge
g Community y ((270 Single
g Familyy Homes))

Pointe at Post Falls

- Existing Cabela’s
- Planned Super Wal-Mart
- Planned Lowe’s

I-90 Exit 2
Pleasantview Rd. Interchange
Border Property
(46,000+ CPD 2006)

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 Pleasantview Rd.
Rd
„ Commerce Park Light Industrial Lots I-90/Highway 53 Connection
„ Beck/Seltice Commercial (7.37 Acres)
„ Proposed Multi-Family Site (17 Acres, 442 Units)
„ Woodbridge
g Community y ((270 Single
g Familyy Homes))

Pointe at Post Falls

- Existing Cabela’s
- Planned Super Wal-Mart
- Planned Lowe’s

I-90 Exit 2
Pleasantview Rd. Interchange
Border Property
(46,000+ CPD 2006)

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
To Planned Beck Rd. I-90 Interchange „ 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)

Woodbridge Community Commerce Park

((270 Single
g Family
y Homes)) Light
g Industrial
Lots 0.43 – 10 Acres

NAP
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.