For Sale
$7,400,000

15920 Indiana AveSpokane Valley, WA 99216

Executive Suites, High Occupancy, Strong ROI

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional two-story, 27,668 square foot executive office building in Spokane Valley, WA, presents a compelling investment opportunity. Built in 2005 and situated on a 1.87-acre lot, the property boasts a 92.5% occupancy rate and a projected net operating income (NOI) of $415,096, yielding a 5.60% capitalization rate. The asking price is $7,400,000, translating to $267.46 per square foot. The building features ample parking (5.1 spaces per 1,000 sq ft) and benefits from prominent freeway signage, ensuring excellent visibility and convenient access to Spokane, Spokane Valley, and Liberty Lake. Recently updated with brand-new interior and exterior paint, this meticulously maintained Class A building is zoned for mixed-use development. The property's address is 15920 E Indiana Ave, Spokane Valley, WA 99216 (APN: 45132.0417). Detailed financial information is available upon request.

Highlights

  • $7,400,000 Asking Price
  • 27,668 SF Executive Office Building
  • 5.60% Cap Rate, $415,096 Pro-Forma NOI, 92.5% Occupancy
  • $267.46 Price/SF
  • 2005 Construction, 2 Stories, 1.87-acre lot, Mixed-Use Zoning, 5.1 parking spaces per 1,000 SF
  • Located at 15920 E Indiana Ave, Spokane Valley, WA 99216

Property Details for 15920 Indiana Ave

Property type
Office properties
Square Feet
27,668 SF
Year Built
2005
Stories
2
Lot Size (sq. ft)
81,457 SF

Location Insight

City
Spokane Valley
County
Spokane
State
Washington
Latitude
47.6686374
Longitude
-117.1907641
15920 Indiana Ave, Spokane Valley, Washington

FAQs

What type of property is this?
Office property - Executive Suites, High Occupancy, Strong ROI
Where is the office property located?
The property is located at 15920 Indiana Ave Spokane Valley, WA.
What is the asking price?
The asking price for this property is $7,400,000.
What are key features of this property?
This property features: $7,400,000 Asking Price; 27,668 SF Executive Office Building; 5.60% Cap Rate, $415,096 Pro-Forma NOI, 92.5% Occupancy
How can I contact the broker?
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15920 Indiana Ave
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