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Indiana Professional Building 15920 E Indiana Ave 27,688 SF 93% Leased Office Building Spokane Valley, WA 99216 $7,400,000 ($267.26/SF) 5.61% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 92.5% Occupied: Suite 201 offers 1,927 SF at $18/SF | Suite 103 offers 7,374 SF at $19.50/SF NNN
  • Flexible Mixed Use Zoning
  • 2 Stories | Pylon Sign | 131 Parking Stalls (5.6/1000)

EXECUTIVE SUMMARY

This exceptional building is built and owned by a premier builder, offering a strong investment opportunity.
Ideally situated with prominent freeway signage, it provides convenient access to Spokane, Spokane Valley,
and Liberty Lake. This Class A Medical Office building is meticulously maintained, featuring brand-new
interior and exterior paint completed in 2024. Anchor tenant has invested over $2 million into this property.
Financial details are available upon signing a non-disclosure (NDA)

PROPERTY FACTS Under Contract

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
27,688 SF
Building Class
B
Year Built
2005
Price
$7,400,000
Price Per SF
$267.26
Cap Rate
5.61%
NOI
$415,140
Percent Leased
93%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
13,844 SF
Building FAR
0.34
Lot Size
1.87 AC
Zoning
Office - Mixed Use Zoning
Parking
142 Spaces (5.13 Spaces per 1,000 SF Leased)

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 100
  • 5,078 SF
  • Office/Medical
  • -
  • Now

Discover the ideal workspace for your business at the Indiana Professional Center. Take advantage of this excellent opportunity to position your business in a prominent and functional office space.

  • 1st Fl-Ste 103
  • 7,374 SF
  • Office
  • -
  • Now

Discover the ideal workspace for your business at the Indiana Professional Center. Take advantage of this excellent opportunity to position your business in a prominent and functional office space.

  • 2nd Fl-Ste 201
  • 1,927 SF
  • Office
  • -
  • Now
Space Size Space Use Condition Available
1st Fl-Ste 100 5,078 SF Office/Medical - Now
1st Fl-Ste 103 7,374 SF Office - Now
2nd Fl-Ste 201 1,927 SF Office - Now

1st Fl-Ste 100

Size
5,078 SF
Space Use
Office/Medical
Condition
-
Available
Now

1st Fl-Ste 103

Size
7,374 SF
Space Use
Office
Condition
-
Available
Now

2nd Fl-Ste 201

Size
1,927 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 100

Size 5,078 SF
Space Use Office/Medical
Condition -
Available Now

Discover the ideal workspace for your business at the Indiana Professional Center. Take advantage of this excellent opportunity to position your business in a prominent and functional office space.

1st Fl-Ste 103

Size 7,374 SF
Space Use Office
Condition -
Available Now

Discover the ideal workspace for your business at the Indiana Professional Center. Take advantage of this excellent opportunity to position your business in a prominent and functional office space.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
45132.0417
Land Assessment
$1,140,170
Improvements Assessment
$4,185,800
Total Assessment
$5,325,970
  • Listing ID: 35002134

  • Date on Market: 3/3/2025

  • Last Updated:

  • Address: 15920 E Indiana Ave, Spokane Valley, WA 99216

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