Old Sterling, LLC Acquires Mixed-Use Property In Spokane Valley, WA For $1.5M
11205 East Sprague Avenue, Spokane Valley, Washington 99206, United States
$1,500,000
$238/SF
Building Size
6,300 SF
Asset Type
Mixed-use
Closing
Oct 17, 2022
AI
The mixed-use property located at 11205 E Sprague Ave in Spokane Valley, WA has been sold in a transaction worth $1,500,000. The property spans over an area of 6,300 square feet, resulting in a price per square foot of $238. The sale was completed on October 18, 2022.
Summary of transation details
- Property Type: Mixed-Use
- Transaction Amount: $1,500,000
- Address: 11205 E Sprague Ave, Spokane Valley, WA
- Market: Spokane Valley, WA
- Buyer: Old Sterling, LLC
- Seller: Ingram
- Brokers: Tim Pfeiffer & Camden Muller - Norris & Stevens, Danny Patterson - Synergy Properties
- Square Footage: 6,300
- Price per Square Foot: $238
The deal was facilitated by brokers Tim Pfeiffer and Camden Muller from Norris & Stevens, along with Danny Patterson from Synergy Properties. They represented the buyer, Old Sterling, LLC, and the seller, Ingram, in the transaction.
Players
Spokane Valley Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93