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Versatile, well sited 18,000 sf retail building formerly leased to a National Tenant retailer/manufacturer. This facility had an extensive interior update and remodel in 2007. All new ceilings tiles, sprinkler system, lighting, paint and flooring were installed. The building presents itself very well to customers.
The location on Sprague is just West of Fancher Road, which is the I-90 exit to Sprague, making the location easy to get to from the South Hill, Downtown, and all the Valley residential areas. The building has visibility from I-90. Larger retail neighbors include Home Depot, Lowe’s, Costco, Wal-Mart, & Thomasville Furniture. Land area of 38,400 sf or .88 acre, with dimensions of 160 feet deep and 240 feet of Sprague frontage, with three curb cuts. Zoned B-3. Approximately 30 parking spaces.
Approximate building dimensions of 90’ by 200’; one loading dock, warehouse area, one large office, break room, two restrooms and the balance of the space is nicely finished open sales floor area. The entire building is fire sprinklered.
First years lease@ $7,500 per month, NNN, balance of lease terms to be negotiated. Building for Lease.
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On average, listings lease in the $10's per square foot per year. The Spokane Valley submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 14% decline in rent.
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