12322 N Ruby Rd - Medical FOR SALE


Spokane, WA 99218- Town and Country
$4,300,000 USD
509-220-7973
12322 N Ruby Rd, Spokane, WA for Sale
$4,300,000 USD
Medical - FOR SALE
1/3
null | 5.5% Cap Rate

12322 N Ruby Rd
Spokane, WA 99218
Town and Country


HIGHLIGHTS

  • Fully occupied memory care facility with 40-bed capacity and long-term tenant in place
  • Strong investment fundamentals with a 5.5% cap rate and NOI of $229,930
  • Located on 1.38 acres with dedicated parking and efficient layout

OVERVIEW

This offering presents a fully stabilized memory care facility located at 12420 & 12322 N. Ruby in Spokane, Washington. The property consists of two buildings totaling 15,066 square feet on 1.38 acres, with a capacity of 40 beds and dedicated parking for 18 vehicles. The asset is 100% occupied by a long-term tenant under a pure triple net lease, ensuring minimal landlord responsibilities and predictable cash flow. This is an exceptional opportunity for investors seeking a reliable, income-producing healthcare asset with long-term upside in a growing market.

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$285 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

MU

APN/PARCEL ID

36082.0141

ASK ABOUT THIS PROPERTY

Debbie DycheThe Green Ridge Fund, Inc.More Info
509-220-7973

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

Debbie DycheThe Green Ridge Fund, Inc.More Info
509-220-7973

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