University District Warehouse Portfolio

Investment Overview

This fee simple investment portfolio consists of two warehouse and showroom buildings totaling 37,500 SF in Spokane’s University District, on the edge of Downtown Spokane. Both properties are leased to an established local operator under common ownership on new absolute NNN leases running through 2036. The tenant covers all expenses, including roof and structure, and rent increases 3% annually, with in-place NOI of $337,500. The buildings sit 0.3 miles apart near I-90 on approximately 0.95 acres of DTU-zoned land, close to the district’s university and medical campuses. The offering pairs passive, growing income with long-term redevelopment upside in one of Spokane’s most active infill districts.

Investment Highlights

• 37,500 SF across two warehouse and showroom buildings
• New absolute NNN leases through 2036 with 3% annual escalations
• Zero landlord responsibilities, including roof and structure
• Established, long-tenured local operator
• University District location near I-90 with DTU zoning
• Long-term redevelopment upside on approximately 0.95 acres
• Opportunity Zone Eligible