Industrial Warehouse Sells After Dynamic Market Journey
After multiple contracts, Daines Capital celebrates a seller win.
16608 E. Sprague Ave. Spokane Valley, WA
Industrial Warehouse with Single Tenant Lease
Total SFT: 12,595 SFT Land Area: 1 AC
We’re excited to announce the successful closing of the industrial warehouse at 16608 E. Sprague Ave. in Spokane Valley, WA, where our team had the privilege of representing the seller.
This property’s journey to the finish line was nothing short of a roller coaster. Over the past seven months on the market, it went under contract several times — each time in impressive speed — but for various reasons beyond the control of either party, the deals didn’t make it to closing.
When the property first hit the market, it went under contract in less than a month. After the first deal fell through, it was back under contract in less than two months — an impressive turnaround in today’s industrial market. The same quick momentum followed after the next contract didn’t stick. Finally, at the beginning of August, we secured a strong offer and brought the transaction to a successful close.
While the path wasn’t straightforward, the process was a valuable learning experience. It reinforced the importance of persistence, adaptability, and maintaining strong communication throughout a transaction.
Congratulations to both the seller and buyer on this successful closing! We can’t wait to see what the future holds for both parties and the opportunities this property will bring.