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Warehouse

2- Tenant NNN Industrial Spokane WA MSA

4645 S Swenson Rd, Clayton, WA 99110

Listing Price: $4,700,000

Cap Rate
7.23%
Gross SF
55,400
Price/Gross SF
$84.84
Lot Size
20.00 acres
Year Built
2015
Rentable SF
55,400

Investment Overview

Subject Consists of Fourteen Newer Construction Industrial Buildings Totaling 55,400 Square-Feet on a 20-Acre Lot with Ample Room to Grow and Sanctioned Cannabis Licensing. Overall Absolute NNN Lease with a 10-Year Base Term (Ray’s) and Zero Landlord Responsibility | 2% Annual Rental Increases (Ray’s) and 3.5% Rental Increases in Options (Phat Panda).

Investment Highlights

  • The Cannabis Industry is Expected to Grow by 32% in 2022, with Sales Hitting $33 Billion
  • Subject is Less Than Thirty Miles From Spokane, an Affluent Community with a Population of 452,000 in the MSA and an Average Household Income of Over $85,000 within Twenty Miles, as of 2021
  • The State of Washington is One of Only Seven Income Tax Free States
  • Parks and Outdoor Recreational Facilities Nearby Include: Loon Lake, Haynes Estate Conservation Area, Indian Canyon, Turnbull National Wildlife Refuge, and Mt. Spokane State Park

Exclusively Listed By

  • Jesse Limon

    Licensed Real Estate Salesperson

    (212) 430-5291

    Email Jesse

    License(s): IN: RB14048415, NY: 10401271892

    Manhattan

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s) WA: 25469

    Washington

Warehouse

2- Tenant NNN Industrial Spokane WA MSA

Listing Price: $4,700,000

Cap Rate
7.23%
Gross SF
55,400
Price/Gross SF
$84.84
Lot Size
20.00 acres
Year Built
2015
Rentable SF
55,400

Investment Highlights

  • The Cannabis Industry is Expected to Grow by 32% in 2022, with Sales Hitting $33 Billion
  • Subject is Less Than Thirty Miles From Spokane, an Affluent Community with a Population of 452,000 in the MSA and an Average Household Income of Over $85,000 within Twenty Miles, as of 2021
  • The State of Washington is One of Only Seven Income Tax Free States
  • Parks and Outdoor Recreational Facilities Nearby Include: Loon Lake, Haynes Estate Conservation Area, Indian Canyon, Turnbull National Wildlife Refuge, and Mt. Spokane State Park

Investment Overview

Subject Consists of Fourteen Newer Construction Industrial Buildings Totaling 55,400 Square-Feet on a 20-Acre Lot with Ample Room to Grow and Sanctioned Cannabis Licensing. Overall Absolute NNN Lease with a 10-Year Base Term (Ray’s) and Zero Landlord Responsibility | 2% Annual Rental Increases (Ray’s) and 3.5% Rental Increases in Options (Phat Panda).

Exclusively Listed By

  • Jesse Limon

    Licensed Real Estate Salesperson

    (212) 430-5291

    Email Jesse

    License(s): IN: RB14048415, NY: 10401271892

    Manhattan

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s): WA: 25469

    Washington

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