5615 Sunset Hwy, Spokane, WA 99224-9454
This exceptional 57,750-square-foot executive office building, located at 5615 W Sunset Hwy in Spokane, Washington, presents a compelling investment opportunity. Built in 1993, this single-story, steel-frame building with an EIFS exterior sits on a substantial 6.67-acre lot (approximately 290,454 square feet) and boasts 321 parking stalls (a ratio of 6.6 per 1,000 square feet). Currently 100% occupied under a triple-net (NNN) lease with a single tenant, the property offers a strong 7.5% cap rate and an asking price of $9,250,000 ($160.17 per square foot). The lease features a remaining term of 2.9 years (expiring June 29, 2025), with two 5-year lease options, each including 3.0% escalations, and 3.0% annual increases. The current monthly rent is $56,161.88 ($11.67 per square foot). This property represents a stable, high-performing investment in a desirable Spokane location. The building's size, ample parking, and strong lease terms make it an attractive asset for discerning investors. The location in Spokane County, WA, zip code 99224, offers excellent access to major transportation routes and amenities.
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Human Resources Job Center Kaiser Permanente Employment Agency Business Service Center
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Kaiser Permanente-Medicare Sales Financial Advisor Insurance Agency
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Michael Norwood, PharmD Pharmacy
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Burke Sherrie L Physician
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.