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2610 N Van Marter Rd
Spokane Valley, WA 99206
Office Property For Sale
Executive Summary
Van Marter Business Center offers investors the opportunity to
acquire a fully leased, multi-tenant flex property in the heart of
Spokane Valley's established industrial market. The property
provides stable in-place cash flow with two established tenants
occupying 100% of the building, while annual contractual rent
increases provide built-in NOI growth. Current average rents of
$8.75 per square foot remain competitive within the market, offering
potential upside over time as leases roll.
Strategically located with convenient access to Interstate 90, Trent
Avenue, and the greater Spokane region, the property benefits from
strong tenant demand driven by the area's expanding industrial
and service sectors. Combining dependable income, operational
efficiency, and long-term appreciation potential, Van Marter
Business Center represents an attractive investment for both
private and institutional investors seeking durable cash flow in one
of Eastern Washington's strongest commercial markets.
acquire a fully leased, multi-tenant flex property in the heart of
Spokane Valley's established industrial market. The property
provides stable in-place cash flow with two established tenants
occupying 100% of the building, while annual contractual rent
increases provide built-in NOI growth. Current average rents of
$8.75 per square foot remain competitive within the market, offering
potential upside over time as leases roll.
Strategically located with convenient access to Interstate 90, Trent
Avenue, and the greater Spokane region, the property benefits from
strong tenant demand driven by the area's expanding industrial
and service sectors. Combining dependable income, operational
efficiency, and long-term appreciation potential, Van Marter
Business Center represents an attractive investment for both
private and institutional investors seeking durable cash flow in one
of Eastern Washington's strongest commercial markets.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
12,089 SF
Building Class
B
Year Built
1980
Price
$1,427,000
Price Per SF
$118.04
Cap Rate
6.35%
NOI
$90,621
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
12,089 SF
Building FAR
0.43
Lot Size
0.64 AC
Zoning
I-1
Parking
25 Spaces (2.13 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 45092.1804 | Improvements Assessment | $1,104,800 |
| Land Assessment | $153,460 | Total Assessment | $1,258,260 |
Property Taxes
Parcel Number
45092.1804
Land Assessment
$153,460
Improvements Assessment
$1,104,800
Total Assessment
$1,258,260
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