This industrial warehouse, located at 16608 E Sprague Ave in Spokane Valley, WA, is an exceptional investment opportunity priced at $2,800,000. Built in 2019, the property features a 12,595-square-foot building on 1 acre, zoned CMU, with 31 parking stalls. It is currently under a 5-year Absolute NNN Lease with 2% annual escalators and offers a 6% cap rate. Conveniently situated with easy access to Spokane Valley, Liberty Lake, and Idaho, the property sees high traffic along E. Sprague Ave. The tenant, supported by Dunes Point Capital, a $1.5 billion company, provides critical services for public safety, including fire and police vehicle operations. Within a 1-mile radius, the area boasts a population of 12,424, a median household income of $60,957, and 5,614 daytime employees, with projected growth of 8.9% from 2024 to 2029.
