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LEASED OFFICE / WAREHOUSE / DISTRIBUTION FOR SALE
724 N. MADELIA STREET SPOKANE, WA 99202
LOCATION: This warehouse building is situated approximately one mile east of the Central Business District (CBD). It is located on the east side of Madelia Street and the west side of Pittsburgh Street with Broadway Avenue to the north and Springfield Avenue to the south. This excellent location is just minutes from Interstate 90 via Trent Avenue to the Hamilton Street Bridge.
SITE: ±52,500 SF per County records. Parcel #35163.0413
ZONING: LI - Light Industrial per City of Spokane Zoning Department
IMPROVEMENTS: Building Footprint Area: ±26,300 SF Main Floor Office Area: ± 4,600 SF Parts/Warehouse/Distribution Area: ±21,700 SF (new lights 2011)
Heat: Office: Forced air gas heat with electric air conditioning Whse: Three (3) gas fired unit heaters Overhead Doors: Three (3) dock-high doors:11' W x 9' H Sewer & Water: Serviced by City of Spokane Construction Type: Concrete Age: 1962, new roof in 2008 Fire Sprinkler: No Power: 3 Phase per Avista Car Parks: 29 striped car parks INVESTMENT INFO: Lease Term: Leased through 10/31/2021 Base Rent: $6,753/Month through 4/30/2017 w/3% annual escalations up to
$7,828 for year 2021. Note: Owner pays taxes and insurance
2016 RE TAX: $9,737.65
SALE PRICE: $950,000.00
(Please See Attached Aerial Maps and Floor Plan)
CONTACT:
MARK LUCAS, SIOR Kiemle & Hagood Company TRACY LUCAS (509) 755-7524 601 W. Main Avenue, Suite 400 (509) 755-7558 Fax: (509) 755-7570 Spokane, WA 99201 Fax: (509) 755-7570 [email protected] [email protected]
All information herein is furnished by the owner and believed to be complete and correct. The Agent, however, cannot be responsible for changes, errors, omissions or withdrawals of this offering without notice. The above information is from sources deemed reliable but should be verified by parties that could be adversely affected by any statements or information. This is not an offering of sub-agency with commission splits to be determined. 06/01/2016/tp J:\Brokers\Lucas Docs\Flyers\Madelia N 724.doc
601 W. Main Avenue, Suite 400 Spokane, WA 99201
509.838.6541
724 N. MADELIA STREET SPOKANE, WA 99202
All boundary lines indicated are approximate only.
MARK LUCAS, SIOR / TRACY LUCAS (509) 755-7524 (509) 755-7558
KIEMLE & HAGOOD COMPANY
724 N. MADELIA STREET SPOKANE, WA 99202
All boundary lines indicated are approximate only.
MARK LUCAS, SIOR TRACY LUCAS (509) 755-7524 (509) 755-7558
KIEMLE & HAGOOD COMPANY
To I-90 MARK LUCAS, SIOR / TRACY LUCAS (509) 755-7524 (509) 755-7558
KIEMLE & HAGOOD COMPANY
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BLDG PLAN KIEMLE & HAGOOD COMPANY MARK LUCAS, SIOR TRACY LUCAS (509) 755-7524 (509) 755-7558
724 N. MADELIA STREET SPOKANE, WA 99202
