3820 Main AveSpokane, WA 99202

For Sale
$1,850,000

17,300 SF NNN Lease, 4.09% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a fully occupied, single-tenant industrial flex/warehouse building situated on a 0.89-acre lot in Spokane, Washington's central industrial district. The property, located at 3820 E Main Ave, Spokane, WA 99202, boasts 17,300 square feet of space across two stories, offering a compelling 4.09% cap rate at an asking price of $1,850,000 ($106.94/SF). Built in 1995 and renovated in 2007, the building features a 20' clear height warehouse, a gas-forced HVAC system, and a three-phase electrical system. The property is zoned for heavy industrial use and benefits from a strong tenant, ProSource of Spokane, a part of a large North American network, under a triple-net (NNN) lease expiring October 31, 2027, with a ten-year option. This represents a secure, long-term investment with a remaining lease term of approximately 2.9 years. The property's prime location at the southeast corner of Main Ave and Julia St provides excellent visibility and accessibility. The APN is 35154.4102. This is a rare opportunity to acquire a well-maintained, high-performing industrial asset in a thriving market.

Highlights

  • 17,300 SF two-story industrial flex/warehouse building.
  • Gas-forced HVAC system.
  • Three-phase electrical system.
  • 20' clear height warehouse.
  • Lease expires October 31, 2027, with a ten-year option.
  • Triple Net (NNN) lease.

Property Details for 3820 Main Ave

Property type
Other warehouses, Other industrial properties
Square Feet
17,300 SF
Year Built/Renovated
1995/2007
Stories
2
Lot Size (sq. ft)
38,768 SF

Location Insight

City
Spokane
County
Spokane
State
Washington
Latitude
47.659107886478
Longitude
-117.35376395562
3820 Main Ave, Spokane, Washington

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3820 Main Ave
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