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Former Honeywell Manufacturing Facility

1500 W 1st St, Cheney, WA 99004

For Sale
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112,500 SF manufacturing facility on 10.08 acres.

Property Size112,501 SF
Lot Size10.08 Acres
Price / SF$56.89
Days on Market977

Property Features for 1500 W 1st St

General Information

Standard status Active
Size 112,501 SF
Lot size 10.08 Acres
Property subtype Industrial
Zoning LI

Building Details

Buildings 1
Listing Agency: Kiemle Hagood
Listed By: CRAIG SOEHREN · License #22137
Source: Crexi
Added: Mar 8, 2024 Changed: Nov 8 Last Checked: Nov 8 at 8:45AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kiemle Hagood

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Investment Insights

Based on property information with market context.

The Former Honeywell Building, a manufacturing facility with ±112,500 square feet, is located in Cheney, WA. Constructed in 1982, it was originally built as a microchip manufacturing plant for Honeywell. The building includes heavy power, concrete walls, and concrete roof trusses, and is situated on a 10.08-acre site. The current lease, held by Allpack, is structured as an “absolute net” lease, making the tenant responsible for all repairs and operating costs. The interior of the building is in good condition. Recent exterior improvements include a new roof completed in 2017 and new interior paint completed in 2019.

Key Highlights

  • ±112,500 square foot manufacturing facility.
  • Absolute net lease in place with Allpack, tenant responsible for all repairs and operating costs.
  • Heavy power infrastructure suitable for manufacturing.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Manufacturing properties

Suggested Use

Top Pick Auto Repair Shop Building Supply HVAC Service Storage Facility Kitchen & Bath Showroom Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

42
Businesses Nearby

Demographics for 99004, WA

23,064
Population
8,992
Households
2.6
Avg Household Size
29
Median Age
36%
College-Educated
93%
High-School Grad
334.3 sq mi
ZIP Area
69
Density / Sq Mi
$62,014
Median Household Income
$29,835
Median Earnings
$1,081
Median Rent
$368,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in West region

3.7% 2019
4.3% 2020
2.6% 2021
2.5% 2022
4.8% 2023
6.9% 2024
7.9% 2025

Frequently Asked Questions

What type of property is this?
Manufacturing property - 112,500 SF manufacturing facility on 10.08 acres.
Where is this manufacturing property located?
The property is located at 1500 W 1st St Cheney, WA.
What is the asking price?
The asking price for this property is $6,400,000.
What are key features of this property?
This property features: ±112,500 square foot manufacturing facility.; Absolute net lease in place with Allpack, tenant responsible for all repairs and operating costs.; Heavy power infrastructure suitable for manufacturing.
(509) 755-7548 Call to check price and availability
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