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July 24, 2024
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Florida Company Buys 141k sf Idaho Logistics Facility


A brand new, Class A warehouse/distribution building totaling 141.4k sf on just over 30 acres in Meridian (Boise), Idaho was acquired by Tampa FL-based Carter Exchange, a Carter Funds company. The newly constructed logistics building, located at 2316 W. Franklin Rd, was completed in early 2022 and is fully leased to a Fortune 10 global e-commerce company.

The facility was purpose-built by the seller, Adler Industrial LLC. Designed as a state-of-the-art last mile delivery station with top-shelf functionality, the Class A facility features 33’ clear height, 9.7% office space, 15 dock doors and 6 drive-in doors, 50’ X 50’ column spacing with speed bays, 228’ building depth, 208’ truck court, and an abundance of car, van and trailer parking. The property is positioned west of Downtown Boise and is approximately one-mile from a full diamond interchange at I-84 and Ten Mile Road and only 11 miles from Boise Airport

Will Strong, Jeff Chiate, Kirk Kuller, Greer Oliver and Connor Nebeker-Hay of Cushman & Wakefield’s National Industrial Advisory Group represented the seller in the transaction. According to Cushman & Wakefield’s latest Q1-2022 report, Boise industrial market vacancy was a tight 1.4%, while the first quarter recorded 770,000 square feet of occupancy growth.

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