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1300-1312 N Mullan Rd 13,419 SF Retail Building Spokane Valley, WA 99206 $2,400,000 ($178.85/SF) 7% Cap Rate
Investment Highlights
- Excellent Visibility, High Traffic Counts, Great Parking
- Well Established Tenant Base, Some Upside in Rents
- Corner Lot, Easy Freeway Access, Rapidly Growing Cooridor
Executive Summary
No seller financing is available.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
13,419 SF
Building Class
B
Year Built
1985
Price
$2,400,000
Price Per SF
$178.85
Cap Rate
7%
NOI
$168,000
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.98 AC
Zoning
CMU - Corridor Mixed Use
Parking
52 Spaces (4.69 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Air Conditioning
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 45172.0834 | Improvements Assessment | $1,521,200 |
| Land Assessment | $468,040 | Total Assessment | $1,989,240 |
Property Taxes
Parcel Number
45172.0834
Land Assessment
$468,040
Improvements Assessment
$1,521,200
Total Assessment
$1,989,240
Contacts
-
Steven Daines -
Seth Peterson -
Cayden Kerr -
Daines Capital | Commercial Real Estate
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1300-1312 N Mullan Rd
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