14820 E Sprague Ave - Manufacturing FOR SALE


Spokane, WA 99216- Veradale
$5,296,338 USD
332-345-4222
14820 E Sprague Ave, Spokane, WA for Sale
$5,296,338 USD
Manufacturing - FOR SALE
1/2
null | 6.5% Cap Rate

14820 E Sprague Ave
Spokane, WA 99216
Veradale


HIGHLIGHTS

  • Long-Term, Original 20-Year Absolute Triple Net (NNN) Lease
  • Mission Critical Manufacturing And Headquarters Facility
  • Two Percent (2.00%) Rental Increases Annually
  • Approximately 16 Years Remaining

OVERVIEW

NNN Pro Group is pleased to present the exclusive listing for a Monaco Enterprises located at 14820 East Sprague Avenue in Spokane Valley, WA. The site consists of roughly 37,417 rentable square feet of building space on estimated 3.95-acre parcel of land. This Monaco Enterprises is subject to a 20-year absolute triple-net (NNN) lease, which commenced January 16th, 2020. The current annual rent is $344,262 and is scheduled to increase by 2.00% annually throughout the base term and in the 1, 10-year renewal option.

FOR SALE DETAILS

PRICE

$5,296,338 USD

PRICE/SF

$142 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Monaco Enterprises

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

2

PARKING SPACES

53

LAND DETAILS

LAND ACRES

3.95

LAND SF

172,062

ZONING

CMU

APN/PARCEL ID

45231.0524

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.