Institutional Property Advisors Brokers Downtown Boise Development Site Sale
BOISE, Idaho, July 28, 2021 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of 10th & Front, a 38,997-square-foot development site in Boise, Idaho.
“Perfect for a high-density multifamily development, 10th & Front is located in the epicenter of Boise’s vibrant downtown core,” said Ryan Harmon, IPA associate. “Future residents of 10th & Front will have easy access to everything that makes Boise one of the most popular places to move to in America.” Harmon and IPA’s Philip Assouad, Giovanni Napoli, Ryan Dinius, Sidney Warsinske, and Nicholas Ruggiero represented the seller, Pennbridge Lodging and procured the buyer. Curtis Cluff is Marcus & Millichap’s broker of record in Idaho.
Situated on half a city block bordering Front Street, a main thoroughfare running through the downtown core, the site consists of three separate parcels on the southwestern half of the block. The property is zoned without density constraints, height limits, or parking requirements for residential uses.
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About Institutional Property Advisors (IPA) Institutional Property Advisors (IPA) is a division of Marcus & Millichap (NYSE: MMI), a leading commercial real estate services firm in North America. IPA’s combination of real estate investment and capital markets expertise, industry-leading technology, and acclaimed research offer customized solutions for the acquisition, disposition and financing of institutional properties and portfolios. For more information, please visit www.institutionalpropertyadvisors.com