University District Warehouse Portfolio

Discover the vibrant neighborhood surrounding the U-District Showroom and Warehouse in Spokane, WA. Located in the heart of the city, this area offers an exciting mix of retail and dining options, attracting a steady flow of foot traffic. With close proximity to notable landmarks like Riverfront Park, which hosts various events and festivals, and the lively shopping district on Main Avenue, there's no shortage of attractions to draw in customers. This dynamic environment provides an ideal setting for a retail or free-standing building investment, offering ample opportunity for success in this bustling urban locale.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.