Property Details

12322 N Ruby Rd

Spokane, WA 99218

$4,300,000

Available

CBA# 698426 courtesy of CBA Listing firm: John L. Scott Spokane Valley-Liberty Lake

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Commercial

Property Type

15,066

Bldg Sq Ft

Units

5.00%

Cap Rate

1999

Year Built

Property Overview

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.