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12322 N Ruby Rd 15,066 SF Office Building Spokane, WA 99218 $4,300,000 ($285.41/SF) 6% Cap Rate
Investment Highlights
- Fully occupied memory care facility with 40-bed capacity and long-term tenant in place
- Located on 1.38 acres with dedicated parking and efficient layout
- Strong investment fundamentals with a 5.5% cap rate and NOI of $229,930
Executive Summary
This offering presents a fully stabilized memory care facility located at 12420 & 12322 N. Ruby in Spokane, Washington. The property consists of two buildings totaling 15,066 square feet on 1.38 acres, with a capacity of 40 beds and dedicated parking for 18 vehicles. The asset is 100% occupied by a long-term tenant under a pure triple net lease, ensuring minimal landlord responsibilities and predictable cash flow.
This is an exceptional opportunity for investors seeking a reliable, income-producing healthcare asset with long-term upside in a growing market.
This is an exceptional opportunity for investors seeking a reliable, income-producing healthcare asset with long-term upside in a growing market.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
15,066 SF
Building Class
B
Year Built
2000
Price
$4,300,000
Price Per SF
$285.41
Cap Rate
6%
NOI
$258,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
15,066 SF
Building FAR
0.53
Lot Size
0.65 AC
Zoning
MU
Parking
25 Spaces (1.66 Spaces per 1,000 SF Leased)
1 1
Property Taxes
| Parcel Number | 36082.0141 | Total Assessment | $1,235,480 |
| Land Assessment | $196,780 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,038,700 | Tax Year | 2025 |
Property Taxes
Parcel Number
36082.0141
Land Assessment
$196,780
Improvements Assessment
$1,038,700
Total Assessment
$1,235,480
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Photos
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Map
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Presented by
The Green Ridge Fund, Inc.
12322 N Ruby Rd
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