Monaco Enterprises | 14820 E Sprague Ave
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Monaco Enterprises 14820 E Sprague Ave
37,417 SF Industrial Building Spokane, WA 99216 $5,296,338 ($142/SF) 6.50% Cap Rate
Investment Highlights
- Long-Term, Original 20-Year Absolute Triple Net (NNN) Lease
- Two Percent (2.00%) Rental Increases Annually
- Mission Critical Manufacturing And Headquarters Facility
- Approximately 16 Years Remaining
Executive Summary
NNN Pro Group is pleased to present the exclusive listing for a Monaco Enterprises located at 14820 East Sprague Avenue in Spokane Valley, WA. The site consists of roughly 37,417 rentable square feet of building space on estimated 3.95-acre parcel of land. This Monaco Enterprises is subject to a 20-year absolute triple-net (NNN) lease, which commenced January 16th, 2020. The current annual rent is $344,262 and is scheduled to increase by 2.00% annually throughout the base term and in the 1, 10-year renewal option.
Property Facts
| Price | $5,296,338 | Lot Size | 3.95 AC |
| Price Per SF | $142 | Rentable Building Area | 37,417 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 6.50% | Year Built/Renovated | 1969/2002 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Manufacturing | No. Drive In / Grade-Level Doors | 2 |
| Building Class | C |
| Price | $5,296,338 |
| Price Per SF | $142 |
| Sale Type | Investment NNN |
| Cap Rate | 6.50% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 3.95 AC |
| Rentable Building Area | 37,417 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1969/2002 |
| Tenancy | Single |
| No. Drive In / Grade-Level Doors | 2 |
PROPERTY TAXES
| Parcel Number | 45231.0524 | Improvements Assessment | $2,844,100 |
| Land Assessment | $1,272,220 | Total Assessment | $4,116,320 |
PROPERTY TAXES
Parcel Number
45231.0524
Land Assessment
$1,272,220
Improvements Assessment
$2,844,100
Total Assessment
$4,116,320
zoning
| Zoning Code | CMU (Central manufacturing) |
| CMU (Central manufacturing) |
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Monaco Enterprises | 14820 E Sprague Ave
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