11919 Sunset - Medical FOR SALE


Airway Heights, WA 99001
$7,595,000 USD
206-584-6195
11919 Sunset, Airway Heights, WA for Sale
$7,595,000 USD
Medical - FOR SALE
1/5
null | 6.36% Cap Rate

11919 Sunset
Airway Heights, WA 99001


HIGHLIGHTS

  • Fully Leased Investment Property
  • Excellent Visibility Along Sunset Highway
  • Proximity to Key Employment Anchors
  • Strong Demographic Growth
  • Generous Parking Ratio
  • High Barrier to Entry

OVERVIEW

The Vara Group is pleased to present Sunset Medical Plaza, a modern, service-oriented medical center with prime visibility along the high-traffic Sunset Highway corridor in Airway Heights. Built in 2021 and fully leased, the property offers local residents convenient access to quality medical care just minutes from home—eliminating the need to travel into Spokane. All leases are structured as NNN with annual rent increases, providing investors with a strong inflation hedge and minimal expense exposure. The plaza features a weighted average lease term of 6.79 years, and 80% of tenants have extension options in place. Ideally located just off a signalized intersection, Sunset Medical Plaza offers ±265 feet of frontage and exposure to 31,000 vehicles per day. Dual access from Sunset Highway and Garfield Road leads to 91 dedicated parking stalls. As Airway Heights continues to grow with new housing and tourism development, demand for service-based medical facilities is on the rise.

FOR SALE DETAILS

PRICE

$7,595,000 USD

PRICE/SF

$460 USD /SF

CAP RATE

6.36%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sunset Medical Plaza

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

91

LAND DETAILS

LAND ACRES

2.02 AC

LAND SF

87,991 SF

ZONING

C-2

APN/PARCEL ID

15252.0171

ASK ABOUT THIS PROPERTY

RJ VaraMarcus & MillichapMore Info
206-584-6195

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RJ VaraMarcus & MillichapMore Info
206-584-6195

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