125 Arthur St Spokane, WA 99202

This exceptional Spokane, WA industrial property, encompassing two buildings totaling 46,067 square feet on a 2.5-acre lot (108,937 sq ft), presents a compelling owner-user or investment opportunity. The property, situated at 125 S Arthur St and 1011 E 2nd Ave, Spokane, WA 99202, features a mix of flex and warehouse space, currently housing seven tenants with 57% occupancy. Building 2 offers approximately 16,260 square feet of contiguous flex space, ideal for owner-occupancy, complete with dock and grade-level loading. Building 1 includes 6,060 square feet of in-line flex space. Recent capital improvements include exterior painting, new fencing, a renovated parking lot, HVAC upgrades, tenant space improvements, and landscaping enhancements. The property boasts a 21-foot ceiling height, two loading docks, and two dock-high doors. Currently generating a NOI of $167,839, a pro-forma NOI of $407,839 is projected, resulting in a 6.97% pro-forma cap rate based on market lease rates. The asking price is $5,850,000 ($127/sq ft). Zoned for general commercial use, this property offers significant upside potential through lease-up and increased occupancy. Detailed financial information is available upon request. This is a rare opportunity to acquire a well-maintained, value-add industrial property in a thriving Spokane location with convenient access to I-90 and downtown. The property is offered as a NNN lease with multi-tenancy.