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Office Medical

Sunset Medical Plaza

11919 W Sunset Hwy, Airway Heights, WA 99001

Listing Price: $7,595,000

Cap Rate
6.36%
Gross SF
16,105
Rentable SF
16,105
Price/Gross SF
$471.59
Occupancy
100.0%
Year Built
2022
Lot Size
2.02 acres

Investment Overview

Marcus & Millichap is pleased to present Sunset Medical Plaza, a modern, service-oriented medical center with prime visibility along the high-traffic Sunset Highway corridor in Airway Heights. Built in 2021 and fully leased, the property offers local residents convenient access to quality medical care just minutes from home—eliminating the need to travel into Spokane.

All leases are structured as NNN with annual rent increases, providing investors with a strong inflation hedge and minimal expense exposure. The plaza features a weighted average lease term of 6.79 years, and 80% of tenants have extension options in place.

Ideally located just off a signalized intersection, Sunset Medical Plaza offers ±265 feet of frontage and exposure to 31,000 vehicles per day. Dual access from Sunset Highway and Garfield Road leads to 91 dedicated parking stalls. As Airway Heights continues to grow with new housing and tourism development, demand for service-based medical facilities is on the rise.

Investment Highlights

  • Fully Leased Investment Property
  • Excellent Visibility Along Sunset Highway
  • Proximity to Key Employment Anchors
  • Strong Demographic Growth
  • Generous Parking Ratio
  • High Barrier to Entry

Exclusively Listed By

Financing By

Office Medical

Sunset Medical Plaza

Listing Price: $7,595,000

Cap Rate
6.36%
Gross SF
16,105
Rentable SF
16,105
Price/Gross SF
$471.59
Occupancy
100.0%
Year Built
2022
Lot Size
2.02 acres

Investment Highlights

  • Fully Leased Investment Property
  • Excellent Visibility Along Sunset Highway
  • Proximity to Key Employment Anchors
  • Strong Demographic Growth
  • Generous Parking Ratio
  • High Barrier to Entry

Investment Overview

Marcus & Millichap is pleased to present Sunset Medical Plaza, a modern, service-oriented medical center with prime visibility along the high-traffic Sunset Highway corridor in Airway Heights. Built in 2021 and fully leased, the property offers local residents convenient access to quality medical care just minutes from home—eliminating the need to travel into Spokane. All leases are structured as NNN with annual rent increases, providing investors with a strong inflation hedge and minimal expense exposure. The plaza features a weighted average lease term of 6.79 years, and 80% of tenants have extension options in place. Ideally located just off a signalized intersection, Sunset Medical Plaza offers ±265 feet of frontage and exposure to 31,000 vehicles per day. Dual access from Sunset Highway and Garfield Road leads to 91 dedicated parking stalls. As Airway Heights continues to grow with new housing and tourism development, demand for service-based medical facilities is on the rise.

Exclusively Listed By

Financing By

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