217 Napa St, Spokane, WA 99202-3034
This exceptional investment opportunity presents a 100% occupied, single-tenant warehouse located at 217 N Napa St, Spokane, WA 99202. The property, built in 1979 and renovated in 1981, boasts a light industrial zoning designation (Spokane County) and comprises a single building totaling [Building size - information not provided, please add this data]. Currently leased to Advanced Life Systems under a Net Lease (NNN) agreement, the tenant occupies the entire space through July 31, 2027, providing a stable income stream. The asking price for this turnkey investment is $575,000. Detailed building floor plans are available upon request. This property is ideally suited for investors seeking a secure, long-term, passive income generating asset in a desirable Spokane location. The property's location offers convenient access to major transportation routes, enhancing its logistical appeal. The 1981 renovation ensures the building is well-maintained and equipped to meet the needs of its current tenant. This is a rare opportunity to acquire a fully leased, low-maintenance industrial property in a thriving market. Further information, including detailed financial statements, is available to qualified buyers. Don't miss this chance to add a strong performing asset to your portfolio.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.