Commercial · Spokane, WA

12322 N Ruby Rd, Spokane, WA 99218

$4,300,000 Active MLS® 202620502 Commercial
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ActiveMLS® 202620502
$4,300,000
12322 N Ruby Rd, Spokane, WA 99218
Bds Ba Sq.Ft. 1.38 Ac
Description

State Certified Alzheimer’s care facility established 15-year Tenant and 100% occupied. This property is offered currently at a 6% cap rate. The project offers a total of 15,066 sq ft consisting of 4 separate wings, each wing has 10 beds (9 rooms), kitchen, laundry, ADA bathrooms, office area, common area with fireplace and television, and a dining area. One wing has had a kitchen remodel to provide a “commercial” kitchen for food prep for the entire facility. The tenant is currently paying $17.41 sf NNN rent with an increase scheduled in 3/2027 to $17.93. The tenant has one 5-year option remaining at market rent to be negotiated at the time of option. Please contact agent for additional information.

Interior Features
  • Additional features
  • Utilities
  • Air conditioning Central Air
  • Basement description None
  • Pool description
  • Outbuildings
  • Fence
  • Lot dimension 1.38
  • Lot description Fenced Yard, Sprinkler - Automatic, Level
Exterior Features
  • Body of water
  • View Territorial
  • Pool
  • Pool description
  • Outbuildings
  • Fence
  • Lot dimension 1.38
  • Lot description Fenced Yard, Sprinkler - Automatic, Level
  • Foundation
  • Exterior
  • Roofing materials Composition
Location