The Learning Experience

Faris Lee Investments Negotiates $6.2 Million Sale of Single-Tenant Retail Property in Metro Boise

by Abby Cox

Meridian, Idaho — Faris Lee Investments has negotiated the $6.2 million sale of a newly constructed, single-tenant retail property located in Meridian, roughly 11 miles west of Boise. The Learning Experience, an early childhood education and childcare center, occupies the 10,000-square-foot building on a 15-year absolute triple-net lease with 8 percent rent increases every five years. Jeff Conover, Scott DeYoung, and Greg Lukosky of Faris Lee represented the seller, a Seattle-based developer. Tidemark Real Estate Services represented the buyer.

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