4010-4104 Main Ave Spokane, WA 99202
- Warehouses
- 102,331 SF
- 7.93 lot acres
Current Use by Public Records
- Warehouses
Property Details for 4010-4104 Main Ave
- Year built
- 1966
- Lot size
- 7.93 lot acres
- Property size
- 102,331 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Spokane
- County
- Spokane
- State
- Washington
- Longitude
- -117.351
- Latitude
- 47.6591
