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15397717
15397718

125 S Arthur St, Spokane, WA 99202

WB
WA 12333
WEB Properties Inc.
Listed by WEB Properties Inc.
$6,430,000
818 days on market
Updated 125 days ago
Opportunity zone

Gateway Buildings 1 & 2

Details
Property Type Industrial
Sub Type Flex, Warehouse
Square Footage 46,067
Net Rentable (SqFt) 46,067
Units 9
Cap Rate 3.6%
NOI $231,575
Occupancy 57%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 7%
Pro-Forma NOI $450,210
Price per SqFt $140
Year Built 1980
Buildings 2
Stories 1
Lot Size (SqFt) 108,937
Zoning General Commercial
Investment Type Owner/User
Ceiling Height 21'
Loading Docks 2
Dock High Doors 2

Available Flex Industrial Owner-User or Investment

Marketing description

Introducing GATEWAY 1 & 2, a prime commercial property located in Spokane, WA. With approximately 46,067 rentable SF on a vast 2.5-acre lot, this property offers a versatile opportunity for industrial, retail, or office use, positioned with convenient access to Spokane, downtown and I-90.

Gateway Buildings 1 & 2 are an ideal investment or owner-user proposition. Building 2 presents a rare owner-user opportunity with approximately 10,110 SF of space, featuring dock and grade loading facilities. Recent capital improvements include exterior painting, new property fencing, new parking lot, HVAC upgrades, tenants space improvements, and enhanced landscaping. The current occupancy stands at 63.38%, offering room for growth and potential lease-up opportunities. Available now, a chance to own a part of the thriving Spokane commercial landscape at 125 S Arthur St. & 1011 E 2nd Ave., Spokane, WA 99201.

Investment highlights

Owner user availability for current vacancies, building 2 has 10,110 SF of flex space that can be combined with the neighboring suite of 2,150 SF, for a total contiguous 12,260 SF. Building 1 has 6,060 of in-line flex space available as well as a 700 SF frontage space. Pro forma CAP rate is estimated with marketed lease rates of available spaces. Property expenses based upon actual 2025 numbers. Detailed rent roll and property expense information available for interested parties.

Listing Contacts

WB
WA 12333
WEB Properties Inc.
Listed by WEB Properties Inc.

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$231,575.00
$19,297.92/mo

Valuation Metrics

0
DSCR
3.6%
Cap Rate
3.6%
ROI

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Additional Information

Name
William E Butler
License
12333
Brokerage
WEB Properties, Inc.
Title
Real Estate Broker
Brokerage Address
421 W Riverside Ave, Suite 730
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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