Monaco Enterprises 14820 E Sprague Ave 37,417 SF Industrial Building Spokane, WA 99216 $5,402,261 ($144.38/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term, Original 20-Year Absolute Triple Net (NNN) Lease
- Attractive Rental Increases
- Mission Critical Manufacturing and Headquarters Facility
EXECUTIVE SUMMARY
The subject investment property is located in a robust retail corridor featuring several local and national tenants. Major national tenants include Target, Big Lots, Office Depot, Harbor Freight Tools, Goodwill, Safeway, Dollar Tree, Walgreens, O’Reilly Auto Parts, AutoZone, KFC, Dairy Queen, Chipotle, Taco Bell, Carl’s Jr., and many more.
PROPERTY FACTS
| Price | $5,402,261 |
| Price Per SF | $144.38 |
| Sale Type | Investment NNN |
| Cap Rate | 6.50% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 3.95 AC |
| Rentable Building Area | 37,417 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1969/2002 |
| Tenancy | Single |
| Parking Ratio | 1.42/1,000 SF |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | CMU - Central manufacturing |
PROPERTY TAXES
| Parcel Number | 45231.0524 | Improvements Assessment | $2,844,100 |
| Land Assessment | $1,272,220 | Total Assessment | $4,116,320 |
CONTACTS
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Glen Kunofsky -
Mark Masino -
Madison O'Connor -
NNN Pro Group
