OFFERING MEMORANDUM B LAC KROC K FORGE · » Spray booth with 4000 cfm exhaust fan, filter, collapsible booth » Paint cabinet 10’w x 47”h x 13”d with dozens of paints and finishes

OFFERING MEMORANDUM

BLACKROCK FORGE5192 West Old Highway 91Blackrock, Idaho

Rare Creative Light Manufacturing Facility with Residential Home

C o l l i e r s I n t e r n a t i o n a l I d a h o | 2 0 4 3 E C e n t e r S t r e e t Po c a t e l l o , I d a h o , 8 3 2 0 1 | w w w . c o l l i e r s . c o m / i d a h o | 2 0 8 3 4 5 9 0 0 0

DON ZEBE208 403 [email protected]

JARED ZEBE208 709 [email protected]

BLACKROCK FORGE

Col l i e rs I n te rna t i ona l I daho | 2043 E Cen ter S t ree t Poca te l l o , I daho , 83201 | www.co l l i e rs . com/ idaho | 208 345 9000

Property Overview

ProfileProperty Name: Blackrock Forge

Address: 5192 W Old Highway 91

Building Size: Shop — 5,888 SFHouse — 2,500 SF

Land Size: 1.03 Acres

Parcel: RRBLR002200

Zoning: Residential/commercial

Year Built: Shop — 1977, 1997, 2007House — 1940, 2002

Sale Price: $870,000

Forge & Fabrication Shop» 5,888 SF including bathroom, office, gallery,

and two studios

» Built in 1977 with major additions in 1997and 2007

» 5 Utility doors

Residence» 2,500 SF with 3 bedrooms and 1 bathroom

» Built in 1940 with additions in 2002

» 350 SF patio/deck

» Finished basement

» Carpeted loft

Highlights» Expansive live/work space on large lot

» Only 10 minutes to Pocatello, easyaccess to city services including worldclass medical, ample shopping, andentertainment

» Local to Idaho State University

» Nearby growing markets

» Fixed equipment included, additionalequipment can be available

» 3-phase power

BLACKROCK FORGE


Building Specifications

Fixed Equipment Included:

» 3T bridge crane

» Forge jib crane 21’ boom with 1/2T chain fall

» P & H 2T jib crane 18’ boom 2T ChisolmMoore hoist

» Steel layout floor plates: 1 - 20’ x 15’, 1 - 10’x 15’

» Lenox gas furnace, Dayton solar hot waterspace heater

» Spray booth with 4000 cfm exhaust fan,filter, collapsible booth

» Paint cabinet 10’w x 47”h x 13”d with dozensof paints and finishes

» Radiant floor solar hot water system: 7-4’x 10’ collectors-rack mounted on southfacing roof of shop, 500 gallon ss tank 8’h x40”diameter with controls, 30 gallon glycol/water reservoir for heat exchanger, munchkinboiler and propane hot water heater backup

» 5hp Ingersoll Rand compressor with 80gallon tank

Forge Shop — Built 1977

» 24’ X 32’ , clear height 10’

» 2 small jib cranes

» 8’ X 8’ doors

» Man door

Middle Shop — Built 1997

» 30’ X 40’, clear height 14’6” (40’ X 45’with office space)

» 2 ton jib crane: 18’ boom, 12’ hook

» 2 man doors

» Bathroom with shower

» Office — 15’ X27’

» Gallery — 15’ X 15’

» Mezzanine — 6’ X38’

Tallboy Shop — Built 2007

» 36’ X 55’, clear height 20’

» 3 ton bridge crane: 35’w 53’l, 15’6” hook

» Doors:

» 1 - 10’ X 10’ roll-up manual door

» 1 - 12’ X 12’ swinging door

» 1 - 14’ X 14’ roll-up power door

» 1 - 6’ X 7’ studio door

» 2 man doors

» 10’ X 20’ solar and boiler room

» Passageway between forge and middle shop

» 500 gallon ss tank, water heater, gas boiler

» 7 - 4’ X 10’ solar water panels on roof,circulates through all shops and residence

Gallery

Tall Shop Tall Shop ExteriorForge

BLACKROCK FORGE


Gallery — Shop

Shop Studio Ground Level

Shop & Mezzanine

Highway 91 Frontage Gallery Room

Power Roll-up Door

Shop Entry

Gallery Room

Shop Studio Upstairs

Walkway from Home to Shop

BLACKROCK FORGE


Gallery — Home

Basement

Home Facing South

Sunroom to Kitchen Staircase

Kitchen

Home to Deck

Bathroom

Deck

Kitchen

Living Room

BLACKROCK FORGE


Location

SITE

10 Minute Drive To Downtown Pocatello

Old Highway 91

BLACKROCK FORGE


Demographics

Site 1 Mile 3 Miles 5 Miles 10 Min Drive

POPULATION

2019 Estimated Population 6,542 56,115 81,612 85,493

2024 Projected Population 6,829 58,968 85,710 89,862

2010 Census Population 6,428 54,866 79,029 82,839

Projected Annual Growth ’19-‘24 0.9% 1.0% 1.0% 1.0%

HOUSEHOLD

2019 Estimated Households 2,468 22,392 31,748 33,255

2024 Projected Households 2,541 23,198 32,859 34,440

2010 Census Households 2,302 20,841 29,276 30,682

Historical Annual Growth ‘00-‘19 1.4% 0.9% 1.2% 1.2%

INCOME

2019 Est. Average HH Income $91,977 $65,156 $66,303 $66,372

2019 Est. Median HH Income $72,475 $53,600 $55,719 $52,953

MISC.

2019 Median Home Value $227,553 $172,480 $171,903 $164,043

2019 Median Rent $646 $583 $597 $577

2019 Est. Median Age 40.9 33.2 33.5 33.2

2019 Average Travel Time to Work 17.2 13.5 14.1 13.6

2019 Est. Labor Population Age 16+ 5,138 44,047 62,783 65,793

2018 Est. Total HH Expenditure $164.19 M $1.16 B $1.67 B $1.75 B

BLACKROCK FORGE


Area Overview — Pocatello

AREA OVERVIEWPocatello serves as the educational and commercial center for Eastern Idaho with an economy driven by research, food production/processing, semiconductor design, wafer fabrication, medical, manufacturing and fabrication, data processing and telecommunications.

The metro area has approximately 85,000 people and more than 160,000 in the larger trade area. Pocatello offers shopping, theater, movies, museums, parks, golf courses, a zoo and both a hot springs resort and ski area within 1/2 hour drives. The trade area is economically and culturally diverse with several large industry leading companies and Idaho State University, the 3rd largest university in Idaho. The Shoshone-Bannock Tribe, located on the Fort Hall Reservation just north of the Pocatello Metro Area contributes $400 million to the regional economy each year.

Idaho is known for world-class recreation and Pocatello is in the middle of an unspoiled outdoor paradise. Millions of acres of publicly managed land surround the city with endless mountains, cliffs, lakes, rivers, and natural hot springs offering an abundance of outdoor recreation. Popular activities include fishing, hunting, rock climbing, water skiing, rafting, swimming, snow skiing, hiking, mountain biking, snowmobiling, and horseback riding.

MAJOR AREA EMPLOYERS

4,162 EMPLOYEES

1,200 EMPLOYEES

2,200EMPLOYEES

1,000EMPLOYEES

2,200EMPLOYEES

455EMPLOYEES

600EMPLOYEES

1,100 EMPLOYEES

600 EMPLOYEES

BLACKROCK FORGE


Area Overview

IDAHO TAX OVERVIEWSales and Use Tax in Idaho is 6%. This would apply to items purchased or consumed in Idaho. Exemptions are available for equipment and raw materials used directly in manufacturing, processing, or fabrication; clean rooms used in semiconductor and semiconductor equipment manufacturing; and any equipment or material used in research and development activities.

We do not tax services including telecommunication services, and utilities such as water, gas, electricity, or natural gas. In our region we do not have any local option sales tax.

Property Tax personal (machinery/equipment) and real (land/buildings) – based on market value. 2018 Average Rates: Ada County: 1.1% - 1.8% Bannock County: 0.8 - 1.2% Bonneville County: 0.77% Canyon County: 1.5% - 2.5% Elmore County: 1.8% Twin Falls Count: 0.82%

Idaho does not have an inventory tax.

Corporate Income Tax – Computed at 7.4% of the Idaho taxable income of a corporation. Corporations that are taxable in Idaho and another state or country or are part of a unitary group of corporations, use a 3 factor formula to ascertain how much of the business is conducted in Idaho. The apportionment formula is made up of a property factor, a payroll factor, and a sales factor. These three factors, with the sales factor being double weighted for all taxpayers except for electrical and telephone companies, are totaled and divided by 4 to compute the Idaho apportionment factor. The Idaho apportionment factor is then applied to the business income of the corporation to compute income assigned to Idaho. Non-business income allocable to Idaho is added to the income apportioned to Idaho to arrive at Idaho taxable income.

SALES & USE TAX6%

CORPORATE INCOME TAX7% MINIMUM

WAGE$7.25/hr

STATE UNEMPLOYMENT INSURANCE RATE1.91%

UNION MEMBERSHIP(NAT’L AVG: 11.9%)7.1%

PERSONAL INCOME TAX RATE RANGE Rate range on a bracketed system based on income levels

1.6%-7.8%#2 BEST STATE Property tax rate (2013 Tax Foundation Study)

PROPERTY EXEMPTIONFirst $100,000 of personal property is exempt from taxation

right to workIDAHO IS A

STATE

This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties

arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2019. All rights reserved

BLACKROCK FORGE5291 West Old Highway 91 — Blackrock, Idaho

DON ZEBE208 403 1973

[email protected]

JARED ZEBE208 709 7311

[email protected]

Co l l i e rs I n te rna t i ona l I daho | 2043 E Cen ter S t ree t Poca te l l o , I daho , 83201 | www.co l l i e rs . com/ idaho | 208 345 9000

Documents

OFFERING MEMORANDUM B LAC KROC K FORGE · » Spray booth with 4000 cfm exhaust fan, filter, collapsible booth » Paint cabinet 10’w x 47”h x 13”d with dozens of paints and finishes