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5615 W Sunset Hwy
Spokane, WA 99224
Kaiser Permanente · Office Property For Sale
EXECUTIVE SUMMARY
Located near Spokane Airport in West Spokane. Ideal for investors seeking a single tenant, triple net investment with a quality tenant in place.
Building Area: 57,750 SF
Land Area: 290,545 SF
Lease: NNN (Landlord responsible for structural components only)
Year built: 1993
Steel frame with Eifs Exterior
Tenant: Kaiser Foundation Health Plan
Lease End Date: June 30, 2025
Building Area: 57,750 SF
Land Area: 290,545 SF
Lease: NNN (Landlord responsible for structural components only)
Year built: 1993
Steel frame with Eifs Exterior
Tenant: Kaiser Foundation Health Plan
Lease End Date: June 30, 2025
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
38,392 SF
Building Class
B
Year Built
1993
Price
$9,250,000
Price Per SF
$240.94
Cap Rate
7.50%
NOI
$693,750
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
19,196 SF
Building FAR
0.13
Lot Size
6.67 AC
Zoning
CB
Parking
321 Spaces (8.36 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
PROPERTY TAXES
| Parcel Number | 25272.9167 | Improvements Assessment | $7,050,600 |
| Land Assessment | $871,640 | Total Assessment | $7,922,240 |
PROPERTY TAXES
Parcel Number
25272.9167
Land Assessment
$871,640
Improvements Assessment
$7,050,600
Total Assessment
$7,922,240
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