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 | 6.04% 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

State Certified Alzheimer’s care facility established 15-year Tenant and 100% occupied. This property is offered currently at a 6% cap rate. The project offers a total of 15,066 sq ft consisting of 4 separate wings, each wing has 10 beds (9 rooms), kitchen, laundry, ADA bathrooms, office area, common area with fireplace and television, and a dining area. One wing has had a kitchen remodel to provide a “commercial” kitchen for food prep for the entire facility. The tenant is currently paying $17.41 sf NNN rent with an increase scheduled in 3/2027 to $17.93. The tenant has one 5-year option remaining at market rent to be negotiated at the time of option. Please contact agent for additional information. 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

6.04%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

MU

APN/PARCEL ID

36082.0141,36082.0147

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.