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29161616

408 N Sycamore St, Spokane, WA 99202

Kiemle  HaGood
Kiemle  HaGood
Listed by Kiemle HaGood
$1,675,000
146 days on market
Updated 30 days ago
Opportunity zone

408 N Sycamore

Details
APN 35154.1706
Property Type Industrial
Sub Type Distribution
Square Footage 12,565
Units 1
Cap Rate 5.47%
NOI $91,548
Occupancy 100%
Lease Type NNN
Lease Expiration 11/30/2028
Remaining Term 2.5
Price per SqFt $133
Year Built 1965
Year Renovated 1966
Lot Size (SqFt) 97,500
Investment Type Net Lease

Industrial | 5.47% CAP | 12,565 SqFt

Marketing description

**FOR SALE:** LEASED INDUSTRIAL OFFICE / WAREHOUSE & YARD at 408 N. Sycamore St., Spokane, WA 99202. Situated on approximately 97,500 SF, centrally located land zoned Heavy Industrial in the City of Spokane, the property features 12,565 SF of total building area. Building 1 includes 10,045 SF for Freight/Truck Terminal with office and warehouse space, and building 2 includes 2,520 SF of shop space. Loading capabilities in Building 1 include dock and grade loading; Building 2 offers grade loading.

Currently leased to ABF Freight until November 30, 2028 for $6,829/month/NNN. Building 2 leased month to month at $800/Month/gross + real estate taxes for that parcel.

In addition, owners are also offering FOR SALE adjacent leased industrial properties, please see flyer for details.

Investment highlights

Currently leased to ABF Freight until November 30, 2028 for $6,829/month/NNN

Listing Contacts

Kiemle  HaGood
Kiemle  HaGood
Listed by Kiemle HaGood

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$91,548.00
$7,629.00/mo

Valuation Metrics

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DSCR
5.47%
Cap Rate
5.47%
ROI

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