facebook
Traded Co logo
Submit

Old Sterling, LLC Acquires Mixed-Use Property In Spokane Valley, WA For $1.5M

Property Image
SOLD
$1,500,000

Washington

See Similar Deals
Mixed-use6,300 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Old Sterling, LLC Acquires Mixed-Use Property In Spokane Valley, WA For $1.5M

11205 East Sprague Avenue, Spokane Valley, Washington 99206, United States

See Similar Deals
Mixed-use6,300 SF
Sold
Contact now

Summary

WASHINGTON
Asset Type:Mixed-use
Price Per Square Foot:$238
Total Square Footage:6300 SF
Transaction Type:Sale

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

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

Tim Pfeiffer
4 deals$1.5M volume
BROKER

Camden Muller
Norris & Stevens
2 deals$1.5M volume
BROKER

Danny Patterson
Synergy Properties
1 deal$1.5M volume
BROKER

Details

SOLD
IMAGE: Tim Pfeiffer & Camden Muller DATE: 10/18/2022 ADDRESS: 11205 E Sprague Ave MARKET: Spokane Valley, WA ASSET TYPE: Mixed-Use BUYER: Old Sterling, LLC SELLER: Ingram BROKERS: Tim Pfeiffer & Camden Muller - Norris & Stevens & Danny Patterson - Synergy Properties SALE PRICE: $1,500,000 SF: 6,300 ~ PPSF: $238

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$79,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18