14408 E Sprague Ave | Spokane, WA 99216
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14408 E Sprague Ave
Spokane, WA 99216
Medical Office Buildings · Office Property For Sale
Executive Summary
Two Attached Buildings of Class A Medical Space
Buildings leased to MultiCare Health System
SALE PRICE: $5,900,000
CAP RATE: 7.24 % Year 1,
7.53% Average Cap Rate over term
Total Combined Space: ±21,350 SF
Building One: ±9,250 SF | Year Built: 1987
Building Two: ±12,100 SF |Year Built: 1996
Buildings leased to MultiCare Health System
SALE PRICE: $5,900,000
CAP RATE: 7.24 % Year 1,
7.53% Average Cap Rate over term
Total Combined Space: ±21,350 SF
Building One: ±9,250 SF | Year Built: 1987
Building Two: ±12,100 SF |Year Built: 1996
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
21,350 SF
Building Class
A
Year Built
1988
Price
£4,728,850
Price Per SF
£221
Net Initial Yield
7.24%
NOI
£342,401
Tenancy
Single
Number of Floors
2
Typical Floor Size
10,675 SF
Building FAR
0.27
Lot Size
1.81 AC
Zoning
CMU
Parking
106 Spaces (5.62 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 45232.9143 | Improvements Assessment | £2,012,086 |
| Land Assessment | £505,546 | Total Assessment | £2,517,632 |
PROPERTY TAXES
Parcel Number
45232.9143
Land Assessment
£505,546
Improvements Assessment
£2,012,086
Total Assessment
£2,517,632
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