Address Map
US
Washington
Spokane
Spokane Valley
99037
Sprague Ave
16608
W118° 49' 6.5''
N47° 39' 19.9''
E
Additional Information
Steven Daines
29812
1005668
12,595 Sqft
43,560 Sqft
31
16608 E Sprague Avenue
Spokane Valley
2
99202
WA
Spokane
3029 E Boone Ave
Property Description

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 project

For Sale

16608 Sprague Ave, Spokane Valley, Washington 99037

  • Square Footage: 12,595 Sqft
$2,800,000
Listing ID#691261
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Basic Details
Property Type : Industrial
Listing Type : For Sale
Listing ID : 691261
Price : $2,800,000
Square Footage : 12,595 Sqft
Year Built : 2019
Status : Active
Office Name : Daines Capital
Property Sub Type : Office, Industrial
BROKER INFO
Rene Orona
BROKER OF REAL ESTATE
BROKER OF REAL ESTATE
3380 146th PL SE Suite 300
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