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    OFF-MARKET
    Warehouses

    4010-4104 Main Ave, Spokane, WA 99202

    102,331 SF 7.93 ac lot Built 1966
    Property ID
    Property summary
    AI-generated overview

    This exceptional 102,331 square foot industrial park in Spokane, WA, presents a compelling investment opportunity. Comprising eight buildings on 7.93 acres at 4010-4104 E. Main Avenue, 99202, this multi-tenant property boasts 100% occupancy with six tenants, including a recently signed 4-year lease with Jeld-Wen (NYSE: JELD). Built in 1966 and extensively renovated in 2023, the property features high-quality construction, desirable industrial features such as overhead doors, high ceilings, and ample laydown yard space, and offers excellent access with five points of ingress/egress. The property also includes approximately 1.5 acres of additional land with potential rail access. The park benefits from its strategic location, one block from I-90 on-ramps (121,000 cars daily) and just 10 miles from Spokane International Airport (GEG). With a 7.37% cap rate and a Net Operating Income (NOI) of $776,936, this fee-simple offering presents a strong return on investment in a thriving Spokane market experiencing significant growth. The Spokane-Coeur d'Alene corridor boasts a population exceeding 781,000 and a labor force of over 263,000, making this a prime location for industrial development. The asking price is $10,538,000. APN: 35154.4805, 35154.3911, 35154.3912, 35154.3809, 35154.3810, 35154.4704, 35154.4911, 35154.5001.

    Property profile
    Verified
    Property type Warehouses
    Year built 1966
    Total area 102,331 SF
    Lot 7.93 ac (345,431 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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