3820 E Main Ave, Spokane, WA 99202

12,000 SF 0.89 ac lot Built 1995

Entity Owned 13-yr Hold ~ Est. High Equity

Property ID

US90-0058828

$1,850,000 12,000 SF

3820 E Main Ave, Spokane, WA 99202
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This exceptional investment opportunity presents a fully occupied, single-tenant industrial flex/warehouse building situated on a 0.89-acre lot in Spokane, Washington's central industrial district. The property, located at 3820 E Main Ave, Spokane, WA 99202, boasts 17,300 square feet of space across two stories, offering a compelling 4.09% cap rate at an asking price of $1,850,000 ($106.94/SF). Built in 1995 and renovated in 2007, the building features a 20' clear height warehouse, a gas-forced HVAC system, and a three-phase electrical system. The property is zoned for heavy industrial use and benefits from a strong tenant, ProSource of Spokane, a part of a large North American network, under a triple-net (NNN) lease expiring October 31, 2027, with a ten-year option. This represents a secure, long-term investment with a remaining lease term of approximately 2.9 years. The property's prime location at the southeast corner of Main Ave and Julia St provides excellent visibility and accessibility. The APN is 35154.4102. This is a rare opportunity to acquire a well-maintained, high-performing industrial asset in a thriving market.