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Listed by Deborah Dyche • John L Scott, Spokane Valley
$ 4,300,000
Est. payment | /mo
1.38 Acres Lot
$ 4,300,000
Est. payment | /mo
1.38 Acres Lot
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202620502
Year Built 1999
Annual Tax Amount $27,498
Lot Size 1.380 Acres
Lot Dimensions 1.38
Property Sub-Type Commercial
Property Description
State Certified Alzheimer's care facility established 15-year Tenant and 100% occupied. This property is offered currently at a 6% cap rate. The project offers a total of 15,066 sq ft consisting of 4 separate wings, each wing has 10 beds (9 rooms), kitchen, laundry, ADA bathrooms, office area, common area with fireplace and television, and a dining area. One wing has had a kitchen remodel to provide a “commercial” kitchen for food prep for the entire facility. The tenant is currently paying $17.41 sf NNN rent with an increase scheduled in 3/2027 to $17.93. The tenant has one 5-year option remaining at market rent to be negotiated at the time of option. Please contact agent for additional information.
Location
State WA
County Spokane
Rooms
Basement None
Interior
Heating Natural Gas, Forced Air
Cooling Central Air
Exterior
View Y/N true
View Territorial
Roof Type Composition
Total Parking Spaces 18
Building
Lot Description Fenced Yard, Sprinkler - Automatic, Level
Story 1
Structure Type Brick Veneer,Fiber Cement
Schools
School District Mead
Others
Acceptable Financing Conventional, Cash, Owner Financing, Commercial
Listing Terms Conventional, Cash, Owner Financing, Commercial
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