16608 E Sprague Ave - Warehouse FOR SALE


Spokane Valley, WA 99037
$2,800,000 USD
509-590-9114
16608 E Sprague Ave, Spokane Valley, WA for Sale
$2,800,000 USD
Warehouse - FOR SALE
1/3
null | 6% Cap Rate

16608 E Sprague Ave
Spokane Valley, WA 99037


OVERVIEW

This industrial warehouse, located at 16608 E Sprague Ave in Spokane Valley, WA, is an exceptional investment opportunity priced at $2,800,000. Built in 2019, the property features a 12,595-square-foot building on 1 acre, zoned CMU, with 31 parking stalls. It is currently under a 5-year Absolute NNN Lease with 2% annual escalators and offers a 6% cap rate. Conveniently situated with easy access to Spokane Valley, Liberty Lake, and Idaho, the property sees high traffic along E. Sprague Ave. The tenant, supported by Dunes Point Capital, a $1.5 billion company, provides critical services for public safety, including fire and police vehicle operations. Within a 1-mile radius, the area boasts a population of 12,424, a median household income of $60,957, and 5,614 daytime employees, with projected growth of 8.9% from 2024 to 2029.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$222 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DPC/Racom

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2019

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

CMU

APN/PARCEL ID

45241.0125

ASK ABOUT THIS PROPERTY

Steven DainesDaines Capital | Commercial Real EstateMore Info
509-590-9114

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Steven DainesDaines Capital | Commercial Real EstateMore Info
509-590-9114

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