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Properties
Medical Office Space
WA
Spokane Valley
99216
12615 Msn Ave

Property profile

12615 E Mission Ave Spokane Valley, WA 99216

FOR LEASE

Medical Office Space

Property ID

US90-0098159

34,218 SF 2.15 ac lot Built 1974

Trust Owned 10-yr Hold ~ Est. High Equity

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12615 E Mission Ave, Spokane Valley, WA 99216
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The Medicus Building, located at 12615 E Mission Ave in Spokane Valley, WA 99216, offers exceptional medical office space for lease. This multi-tenant building boasts a total of 36,820 square feet situated on a 2.15-acre lot in Spokane County. Currently, there are 5,062 square feet of vacant space available, divisible into units as small as 1,562 square feet. Larger contiguous spaces of up to 12,294 square feet are also available, providing flexibility for practices of various sizes. The building's classification as medical office ensures it meets the specific needs of healthcare professionals. Its convenient location in Spokane Valley offers easy access for patients and staff. The property is ideal for a variety of medical practices seeking modern, efficient, and well-located office space. Interested parties should inquire about available space and lease terms. The building's address is easily accessible via E Mission Ave, and its ample lot size provides convenient parking for patients and staff. The property is situated in Spokane County, Washington.

Property type Medical Office Space

Use group MEDICAL BUILDING

Year built 1974

Construction CONCRETE

Total area 34,218 SF

Lot 2.15 ac (93,600 SF)

APN 45103.0287

UPID US90-0098159

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

Physician
Physician Medical Clinic
Physician
Family Counselor
Department Of Transportation

12615 E Mission Ave Spokane Valley, WA 99216

Spokane Valley metro Census 11800 SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

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CAP Approach CAP

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Comparable Approach Comparable

$3.70M

Blend (final) Blend

$2.73M

since 2015

7 recorded transactions

2015

Price N/A

2006

$5.5M

2003

$1.3M

2003

$738,722

2003

$186,293

2002

$3.2M

1969

Price N/A

Comparables

6 recent transactions · within 1.5 mi

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