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12322-12420 N Ruby Road

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12322-12420 N Ruby Road

12322 12420 N Ruby Rd, Spokane, WA 99218
Specialty For Sale Available Cap Rate 5.66% Built 1999 1 floors Zoning: MU
Asking Price
$4,300,000
Total Building15,066 SF
Land64,433 SF land
ConstructionFramed,Wood
MarketNorth Spokane County
CountySpokane

Read Overview
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Overview

Property ID
198214
Listing ID
698426
Type
Specialty
Asset Class
Specialty
Zoning
MU

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.

Listing Courtesy of:

DD
Deborah Dyche
John L. Scott Spokane Valley-Liberty Lake
1338 N. Liberty Lake Dr.,
Liberty Lake, WA 99019
State: WA City: Spokane ZIP: 99218 Type: For Sale

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.