11707 Sprague AveSpokane Valley, WA 99206

Property Details for 11707 Sprague Ave

Year built

1984

Lot size

5.74 AC

Property size (Sq ft)

26,500 SF

Property type

Retail properties

Property subtype

Outlet malls

APN

45164.0520

APU

451640520

Description

Redwood Plaza Clock Tower offers prime Valley office space on high-traffic Sprague Avenue. This three-story building boasts recently renovated common areas and provides a full-service office experience. Two spaces are currently available, each ranging from 2,455 to 2,500 square feet, perfect for businesses seeking flexible and modern work environments. The building's amenities include an on-site restaurant, a complimentary tenant conference room for reservations, and ample parking for employees and visitors. Building and monument signage opportunities are also available to enhance your company's visibility. The full-service rental rates encompass nightly janitorial services, and tenant improvement allowances are offered to customize your space. The total building size is 107,399 square feet, with a minimum divisible space of 2,500 square feet and a maximum contiguous space of 2,500 square feet. This property is ideal for coworking, executive office, creative office, or traditional office needs, catering to a variety of business types and sizes. The building's multiple tenancy structure allows for a diverse and collaborative community.

• CAP approach

  CAP return

  Valuation

  6%

  $6,966,533

  6.5%

  $6,430,646

  7%

  $5,971,314

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,238,164

  Geo Method

  $14,238,164

• Alternative Use

  Use

  Valuation

  Residential

  $5,424,490

  Hospitality

  $4,968,804

  Educational

  $4,133,986

  Medical

  $4,276,161

  Retail

  $6,430,646

Location Insight

City

Spokane Valley

County

Spokane

State

Washington

Latitude

47.6581

Longitude

-117.248

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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