Office/Warehouse & Fenced Yard
Single-tenant office and warehouse facility in Spokane, Washington, offered at $1,150,000 at a 5.87% cap rate. The 7,377 SF property comprises a 1,785 SF office building and 5,592 SF warehouse on a 75,000 SF fenced industrial site, leased to United Natural Foods through March 31, 2027 at $5,628 per month NNN, with two three-year renewal options available.
The asset is centrally located on E. Ferry Avenue between Freya and Havana, with direct access to I-90 and minutes to Spokane's Central Business District and Spokane Valley. The site is zoned HI (Heavy Industrial) and benefits from the surrounding industrial corridor. The warehouse features three grade-level overhead doors (two 12' W x 14' H and one 20' W x 14'10" H), a 4-foot exterior gravel loading ramp, and clearance heights ranging from 13'10" to 20'8". The office area is heated electrically; the warehouse uses gas-fired unit heaters. Both buildings are concrete block and metal construction, built in 1952, with city sewer and water service.
The lease provides a passive, management-free investment with a creditworthy tenant. Upon any lease extension by the tenant, the buyer assumes a 6% lease commission obligation to Kiemle Hagood through March 31, 2031. The surrounding industrial park includes several neighboring properties also available for sale, reinforcing the area's active industrial market.
- Single-tenant NNN lease to United Natural Foods through March 31, 2027
- Two three-year renewal options
- Fenced 75,000 SF industrial site with heavy industrial zoning
- Multiple loading doors and 13'10" to 20'8" clearance heights
- Central location with I-90 access, minutes from CBD and Spokane Valley
More property details
Features & amenities
Location
Great central location between Freya and Havana. This facility offers good access to I-90 and is just minutes from the Central Business District and Spokane Valley.
Additional details
All information herein is furnished by the owner and believed to be complete and correct. The Agent, however, cannot be responsible for changes, errors, omissions or withdrawals of this offering without notice. The above information is from sources deemed reliable but should be verified by parties that could be adversely affected by any statements or information. This is not an offering of sub-agency, with commission splits to be determined.