NAI Black. Commercial Real Estate Services, Worldwide. NAI Black is a proven leader in commercial real estate brokerage and property management services serving the Inland Northwest market and beyond directly and through its NAI Global affiliation. Originally founded in 1958 as James S. Black & Company, NAI Black has nearly a five-decade track record of superior transactional performance and favorable outcomes for assets entrusted to our management. Under the direction of Chief Executive Officer David R. Black since 1984, NAI Black has been engineered to deliver cutting-edge services of the highest quality to its customers and serve a wide spectrum of real estate needs. In 2012, NAI Black was honored with the Eagle Award from NAI Global. This award is given to the NAI firm member that best exemplifies a composite of leadership, capital, and resources; a commitment to quality; the desire and energy to grow; and sharing the NAI Global vision for excellence in commercial real estate services. Our expertise, knowledge, and experience are built upon a strong foundation of recruiting and retaining top specialists in the disciplines that comprise our industry: Brokerage Services, Property Management, Development, and Corporate Services. NAI Black serves the needs of our clients in Eastern Washington, Northern Idaho, and Montana. However, our affiliation with NAI Global allows us to reach beyond our local market area and provide services to our clients on a regional, national, and global basis. We are a local company with global reach.
Coeur d Alene, ID
Built in 1950, this 3,500 square foot Motel features 12 rentable units and a managers quarters. Numerous rooms have been upgraded and the managers quarters are being remodeled. Electric/gas heat, cable tv, air conditioning and paved parking. High rise views. Within walking distance of Lake Fernan and Lake Coeur d'Alene. Located on the corner of Sherman Avenue and 21st Street. Easy access to I-90. Occupancy and income are trending up.
Idaho Falls, ID
The Pinecrest Inn opened on 3.64 acres off Yellowstone Highway directly north of the Idaho Falls Pinecrest Golf Course, which is considered a Jewel in the west. The property is well designed and functional with two operating wings that accommodate 92 rental suites, large conference area, 30,000 gallon outdoor pool located between the North and South Wing, separate 12,000 square foot lounge and entertainment center with an Idaho Liquor license included. The total actual building is nearly an acre under roof or 41,664 square feet. The lodging continues to be strong, supporting travelers during the summer and regular tourist services from Salt Lake to Yellowstone. The Company has 10 employees. Pinecrest is unique in being located away from Motel Row and located east of city center, making it more accessible for travelers to the National Parks and Jackson. Owner motivation to sell is based on the fact that he lives on the East Coast and his family is no longer operating the day-to-day operation. The sale price of $1.8 million is based on real estate assessed value of $1.508 million, Idaho liquor license of $150,000, and Business Value including working assets and rental income from lounge of $150,000. Replacement value and land value for this project would be over $5 million.
Comfort Inn Lewiston is a attractive well-maintained 52 room interior corridor hotel located at a strategic location in the retail center of Lewiston, Idaho. It is close to recreational venues such as Hells Canyon, and Nez Perce National Historical Park, and walking distance from Lewis Clark State College and “Restaurant Row”. This hotel is in good condition and will not require much PIP. Room Revenues have been rising the last few years and should exceed $1,000,000 in 2015. One of the most exciting features of this property is that it includes an additional acre of developable land adjacent to the Comfort Inn. A prior owner had plans to build a Marriott Residence Inn there in 2008, but the great recession delayed the project.
Rare opportunity. 60 spaces full hook ups. Year round income.. Top rating with "Good Sam". Attractive cap rate. Strong upside. Been in the same family for 35 Years. Easy on off and visibility from I-90. On site living quarters. Shows pride of ownership. City water and sewer with wells on site for irrigation. This won't last long!
Fish Haven, ID
The Bluebird Inn has sat on the banks of Bear Lake for the last 100 years on 4 acres of pristine property. The owners were awed by the beauty of the largest Elm tree in Idaho that shaded the old farm house and set out a on path to refurbish and rebuild the site 10 years ago. The Inn promotes visitors with 5 modern theme rooms, all with separate bathrooms and access to a modern and well equipped kitchen, expanded sun room that highlights the Lake view, and deck that has been promoted for weddings, reunions, receptions, business gatherings and more. In addition to the 2,975 SF Inn, the owners built a two story 2,928 SF Honeymoon Suite with elevator access, large game room, sauna, fitness area, and expanded garage or storage area. The owner s actually lived in the suite for several years until recently relocating to a private home. To promote more diversity, the 2,400 SF studio was built for large families or groups. All property has been furnished with top-of-the-line utilities and features, built-in gas fireplaces, patios, and spectacular views of beautiful Bear Lake, the Caribbean of the Rockies because of its vivid turquoise-blue water. The grounds have been designed with several elaborate water features and beautiful gardens. The overall property is professionally managed and guests praise The Bluebird Inn as one of the area s Gems. Based on Confidentiality Agreement, the Broker will provide a Performa of revenue based on rental income less expenses. The Inn has not been operated as a profit center but has the working foundation dependent on a Buyer s goals.
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