Spokane Valley Chamber | 9507 E Sprague Ave
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Spokane Valley Chamber 9507 E Sprague Ave
6,584 SF 100% Leased Office Building Spokane, WA 99206 £1,086,264 (£165/SF) 7.18% Net Initial Yield
Investment Highlights
- Very strong, long-term tenant in place.
- Building completely updated.
- Extra .5 acre lot included with the sale.
- New 5-year lease with option to extend.
- Several building efficiency upgrades including HVAC.
Executive Summary
Prime investment opportunity in the heart of Spokane, WA. This 6,584 SF, single-unit property presents a compelling NNN investment package with a robust, long-term tenant in place. Note the blended Cap Rate for this offering is 7.63%.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
6,584 SF
Building Class
B
Year Built
1968
Price
£1,086,264
Price Per SF
£165
Net Initial Yield
7.18%
NOI
£78,021
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
6,584 SF
Building FAR
0.19
Land Acres
0.80 AC
Zoning
CMU
Parking
35 Spaces (5.32 Spaces per 1,000 SF Leased)
Amenities
- Bus Route
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £300,530 | |
| Land Assessment | £213,038 | Total Assessment | £513,568 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£213,038
Improvements Assessment
£300,530
Total Assessment
£513,568
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Don Crawford -
Brennen Crawford -
TOK Commercial
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Spokane Valley Chamber | 9507 E Sprague Ave
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