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3804 E Ferry Ave
Spokane, WA 99202
Office Property For Sale
Executive Summary
FOR SALE: LEASED INDUSTRIAL OFFICE / WAREHOUSE & FENCED YARD** at 3804 E. Ferry Ave., Spokane, WA 99202!
Centrally located in Spokane with easy access to I-90.
Situated on a ±75,000 SF fenced site zoned for heavy industrial use
includes a 1,785 SF office building and a 5,592 SF warehouse building with grade-level overhead doors and exterior graveled dock high ramp
Currently leased to United Natural Foods until March 31, 2027 for $5,628/Mo/NNN. The lease includes two 3-year extension options. Listed at $1,150,000.00.
In addition, owners are also offering FOR SALE adjacent leased industrial properties. Please see flyer for details.
Centrally located in Spokane with easy access to I-90.
Situated on a ±75,000 SF fenced site zoned for heavy industrial use
includes a 1,785 SF office building and a 5,592 SF warehouse building with grade-level overhead doors and exterior graveled dock high ramp
Currently leased to United Natural Foods until March 31, 2027 for $5,628/Mo/NNN. The lease includes two 3-year extension options. Listed at $1,150,000.00.
In addition, owners are also offering FOR SALE adjacent leased industrial properties. Please see flyer for details.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
7,377 SF
Building Class
B
Year Built
1952
Price
$1,150,000
Price Per SF
$155.89
Cap Rate
5.87%
NOI
$67,536
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,377 SF
Building FAR
0.10
Lot Size
1.72 AC
Opportunity Zone
Yes
Zoning
Heavy Industrial - Heavy Industrial
Parking
25 Spaces (3.38 Spaces per 1,000 SF Leased)
Amenities
- Fenced Lot
Property Taxes
| Parcel Number | 35154.2701 | Improvements Assessment | $223,000 |
| Land Assessment | $300,000 | Total Assessment | $523,000 |
Property Taxes
Parcel Number
35154.2701
Land Assessment
$300,000
Improvements Assessment
$223,000
Total Assessment
$523,000
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