4616 S Ben Franklin Ln - Warehouse FOR SALE


Spokane, WA 99224- Thorpe Westwood
$3,415,000 USD
206-584-6195
4616 S Ben Franklin Ln, Spokane, WA for Sale
$3,415,000 USD
Warehouse - FOR SALE
1/4
null | Request Cap Rate

4616 S Ben Franklin Ln
Spokane, WA 99224
Thorpe Westwood


HIGHLIGHTS

  • Functional Design with Cold Storage
  • Recent Capital Improvements
  • Strong Credit Tenant
  • Significant Rental Upside
  • High Barrier to Entry
  • Ample Loading and Access

OVERVIEW

Northmarq is pleased to present the exclusive sale offering for BakeMark Cold Storage & Distribution, a 25,200 SF industrial facility situated on a 3.36-acre parcel in Spokane’s highly competitive West Plains submarket. The property’s functional design, cold storage capability, ample yard & trailer parking, and hydraulic dock levelers make it ideal for logistics and food distribution users. Currently leased to BakeMark, a leading bakery ingredient distributor with 38 branches across the U.S. and Canada, the asset offers secure in-place income through April 2027. Upon expiration, investors can capitalize on a 70% jump to market rents, unlocking significant upside in a supply-constrained segment. In a submarket dominated by Class A developments, smaller freezer-equipped facilities remain scarce, creating a rare opportunity for investors seeking a well-located, adaptable industrial property.

FOR SALE DETAILS

PRICE

$3,415,000 USD

PRICE/SF

$136 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

BakeMark Cold Storage & Distribution

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

UTILITIES

-

CLEAR CEILING HT

21 Ft

DOCKS

7

DRIVE INS

1

PARKING SPACES

25

LAND DETAILS

LAND ACRES

3.36

LAND SF

146,362

ZONING

Light Industrial (LI)

APN/PARCEL ID

24041.0306

ASK ABOUT THIS PROPERTY

RJ VaraNorthmarqMore Info
206-584-6195

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RJ VaraNorthmarqMore Info
206-584-6195

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