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Riverpoint One

Off-Market

501 North Riverpoint Blvd, Spokane, WA 99202

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - General Office
  • Property Size 72,436 SF
  • Lot Size 3.76 Acre
  • Parking Spaces Avail. 166
  • Parking Ratio 2.30/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • LEED Certified Gold
  • Building Class B
  • Year Built 1988

Location

  • City Spokane, WA
  • Neighborhood Washington State University
  • Zip Code 99202
  • Market Spokane

Contacts

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Owner

  • True Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 04 Aug, 2000
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Spokane

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Spokane Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $20.16
  • 2020 Office Vacancy Rate 6.96%
  • 2020 Office Completions (SF) 159,000

Spokane Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per SF $89.40
  • Y-o-Y Avg. PpSF Change 16.82%
  • 2020 Office Sales Volume $10.1M
  • 2020 Number of Transactions 3
View more Spokane market trends

Tax

  • Base Tax $127,313
  • Current Tax $70,022
  • Market Value* $10,918,660
  • Assessed Value $10,918,660

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of Riverpoint One?

Riverpoint One totals 72,436 square feet.

When was this property built?

Riverpoint One was built in 1988.

When was Riverpoint One last sold?

Riverpoint One was last sold on 04 Aug, 2000.

What is the market value for Riverpoint One?

The market value* for Riverpoint One in 2022 was $10,918,660.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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