1515 S Technology Blvd - Freestanding FOR SALE


Spokane, WA 99224
$6,500,000 USD
509-321-2000
1515 S Technology Blvd, Spokane, WA for Sale
$6,500,000 USD
Freestanding - FOR SALE
1/30
null | 7.02% Cap Rate

1515 S Technology Blvd
Spokane, WA 99224


HIGHLIGHTS

  • NNN lease with landlord responsible for roof only
  • New 5 year term with three 5 year options and 2% annual increases
  • Built in 2023 with high quality improvements customized to tenant
  • Convenient access to I 90 and Spokane International Airport
  • 2.8 acre corner lot with strong visibility and 130 parking stalls (6.7/1,000 SF)
  • Stepping Stones Pediatric Therapy is an established, high credit regional provider

OVERVIEW

SVN Cornerstone is pleased to present the Stepping Stones Professional Office Building, a well-maintained, owner-occupied professional office property offered for sale with a leaseback to the operating business. The property is home to Stepping Stones, a highly regarded, family-centered pediatric therapy practice providing physical therapy, occupational therapy, speech therapy, and feeding therapy services. With an established operating history and a strong reputation in the community, the leaseback structure offers investors the opportunity to acquire a stabilized asset supported by a mission-driven medical tenant.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$307 USD /SF

CAP RATE

7.02%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Stepping Stone Professional Office Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

2.8 AC

LAND SF

121,968 SF

ZONING

LI

APN/PARCEL ID

25292.0408

ASK ABOUT THIS PROPERTY

Danny PattersonSVN | CornerstoneMore Info
509-321-2000

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Danny PattersonSVN | CornerstoneMore Info
509-321-2000

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