514 S Washington St - Medical FOR SALE


Spokane, WA 99204- Cliff Cannon
$2,000,000 USD
509-688-3587
514 S Washington St, Spokane, WA for Sale
$2,000,000 USD
Medical - FOR SALE
1/24
null | 5.55% Cap Rate

514 S Washington St
Spokane, WA 99204
Cliff Cannon


HIGHLIGHTS

  • Located on the South Hill
  • 8 Office Spaces
  • 14 Parking Stalls

OVERVIEW

- Single-Tenant Medical Investment - National Tenant - Located On The South Hill - 14 Parking Stalls - 2.5% Annual Rent Increases - Currently On Year Two of 5 on current lease term - Two More Options To Extend For An Additional Three (3) Years Each - Maximum Lease Potential Through 2035 - NOI is estimated to equal annual base rent, leases are structures as modified gross. Buyer to verify.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$504 USD /SF

CAP RATE

5.55%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1939

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

CB

APN/PARCEL ID

35191.4404

ASK ABOUT THIS PROPERTY

Mitch GillinghamLT Real EstateMore Info
509-688-3587

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Mitch GillinghamLT Real EstateMore Info
509-688-3587

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