BoDo Urban Lifestyle Center - Downtown Boise, Idaho
Quick Facts:
- Purchase Price: $30,004,735
- Cap Rate: 7.04%
- Projected Cash-on-cash return: 7.00%
- Property Type: Retail
BoDo Urban Lifestyle Center (“BoDo”) is an attractive, newly-developed, three-building, 116,428-sq.-ft., pedestrian-friendly, retail and entertainment center located in Downtown Boise, Idaho. BoDo is part of the 450,000-sq.-ft. Boise Downtown mixed-use project, a vibrant urban center located at the busiest intersection in Idaho. BoDo sits in a prime location immediately south of Grove Plaza, Downtown’s premier financial center and is only a few blocks from Idaho’s State Capitol. The project is surrounded with ample parking and public transportation.
BoDo is currently 93% leased to an upscale and highly-recognized tenant roster that includes Office Depot, P.F. Chang’s, Jos. A. Bank, Urban Outfitters, Levi’s, White House/Black Market, Ann Taylor Loft, Tully’s Coffee, and Regal/Edwards Cinemas. The mixed-use project also includes a new 180-room Hampton Inn & Suites, and many other upscale restaurants and retail stores.
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