Bespoke Holdings Secures $6.2 Million Loan From Heritage Bank For Boise Industrial Facilities
4620 South Apple Street & 2171 East Danzee Drive
$6,200,000
$4/SF
Building Size
1,500,000 SF
Asset Type
Industrial
Closing
Apr 9, 2025
AI
The asset involved in this transaction consists of two industrial outdoor storage facilities located at 4620 South Apple Street and 2171 East Danzee Drive in Boise, Idaho. The facilities collectively cover a total of approximately 750,000 square feet on a 17-acre site and are financed through a loan amounting to $6,200,000 from Heritage Bank.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,200,000
- Address: 4620 South Apple Street & 2171 East Danzee Drive
- Market: Boise, ID
- Asset Size: 750,000 SF
- Acres: 17
- Lender: Heritage Bank
- Landlord: Bespoke Holdings
- Broker: William Haass - JLL
The transaction was facilitated by William Haass representing JLL, who played a key role in the financing arrangement secured by Bespoke Holdings for these industrial properties in Boise, Idaho.
Players
Boise Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93