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11205 East Sprague Avenue, ...

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

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

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

Norris & Stevens

Broker

$1.5M

vol

4 deals

Broker

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