• Address: 105 W Third , Spokane, WA 99201 (map)
• Date Posted: 10/20/09

Downtown Spokane, WA Post-Modern Brick--$1,495M
Features
Square Footage: 12,500
Building Class: Office
Zoning: COM
Broker: Inland Real Estate, LLC
Floors in Bldg: 3
Pricing
Price: $1,495,000.00
Building Amenities
Security System
Fire Protection System
Exterior Amenities
Parking Lot
Near Shopping
Near Public Transit
Description

Beautiful brick, 12,500 square foot office building with rare downtown off-street parking. Open foot print with soaring cathedral ceiling custom exterior steel awning. Meticulously remodeled in 2000 with 20 foot glass atrium entryway, main floor and second floor executive offices, conference rooms, kitchen/break room downstairs, training center, climate controlled computer network room, and stainless steel Thysen-Krupp elevator. Offered for sale at $1.495M or $12/foot NNN.



For further information or if you would like to discuss other investment or development properties please call Christian Rose at (509) 747-0880 or Scott Muggli at (509) 879-2855.

Few places in the U.S. can lay claim to the vast amount of activities that the Spokane Region brings to the table. What's more, in Spokane it's all just a short drive away. From thrilling whitewater or downhill adventures, to inspiring art and powerful Broadway performances, the Spokane Region offers enough activities to pack any vacation calendar.

Exciting outdoors doesn't even begin to describe what the Spokane Region offers the recreation enthusiast. The Cascade and Rocky Mountains offer a haven for powder hounds in the winter and hikers and bikers in the summer. Seventy-six lakes and rivers offer countless opportunities for raging whitewater, classic kayaking, swimming and fantastic fishing. Prefer playing for par? Step up to the tee at one of 33 courses where challenging play pairs with unrivaled beauty creating an unforgettable golfing experience.

Downtown Spokane has undergone a major rebirth in recent years with over $3 billion in new investments and the completion of River Park Square Mall. The historic Davenport Hotel underwent a major renovation in 2002 after being vacant for over 20 years. Other major projects include the renovation of the Holley Mason Building, the building of the Big Easy concert house (now renamed the Knitting Factory), expansion of the Spokane Convention Center, and the renovation of the historicMontvale Hotel and Fox Theater (now home to the Spokane Symphony). Still more construction is proposed. Local developer Rob Brewster has proposed building the new VOX Tower which, if approved, will become the tallest building in Spokane. All new skyscrapers built in Spokane are subject to city height restrictions.

The Kendall Yards development on the north side of downtown Spokane along the Spokane River will become one of the largest construction projects in the city's history. The proposed development will directly connect to downtown with bridges across the Spokane River and will blend residential and retail space with plazas and walking trails. Upon completion, the nearly 80-acre (0.32 km2) Kendall Yards project will include up to 2,600 residential units and up to 1,000,000 square feet (93,000 m2) of commercial, retail, and office space.

As of the 2000 census, there were 195,629 people, 81,512 households, and 47,276 families residing in 87,941 housing units at population density of 3,387 people per square mile (1,307.7/km²). The racial makeup of the city was 89.46% White, 2.07% African American, 1.76% Native American, 2.25% Asian, 0.19% Pacific Islander, 0.88% from other races, and 3.38% from two or more races. Hispanic or Latino of any race were 2.99% of the population.

Of the 81,512 households, 29.4% had children under the age of 18 living with them, 41.3% were married couples living together, 12.4% had a female householder with no husband present, and 42.0% were non-families. 33.9% of all households were made up of individuals and 11.7% had someone living alone who was 65 years of age or older. The average household size was 2.32 and the average family size was 2.98.

In the city the population was spread out with 24.8% under the age of 18, 11.1% from 18 to 24, 29.6% from 25 to 44, 20.5% from 45 to 64, and 14.0% who were 65 years of age or older. The median age was 35 years. For every 100 females there were 93 males. For every 100 females age 18 and over, there were 89.9 males.

The median income for a household in the city was $32,273, and the median income for a family was $41,316. Males had a median income of $31,676 versus $24,833 for females. The per capita income for the city was $18,451. About 11.1% of families and 15.9% of the population were below the poverty line, including 19.3% of those under the age of 18 and 9.6% of those ages 65 and older.

In 1883, gold and silver were discovered in the Inland Northwest; as a regional shipping center, the city furnished supplies to the miners who passed through on their way to mine in the Coeur d’Alene as well as the Colville and Kootenay districts. By the mid-1890s, high mining operations were underway in the region. The area is considered to be one of the most productive mining districts in North America. Natural resources have traditionally provided much of the economic activity for the Spokane area, a major center for the timber, agriculture, and mining industries in the region.

Companies have located or relocated to the Spokane area, drawn by the easy access to raw materials and lower operating costs, such as cheap hydroelectric power. Finished wood products, metal refinery and fabrication, and food processing are among the leaders in manufacturing. Fortune 1000 company, Potlatch Corporation, which operates as a real estate investment trust (REIT) and owns and manages timberlands located in Arkansas, Idaho, Minnesota, and Oregon, is headquartered in Spokane. The surrounding area, especially to the south, is a productive agricultural region known as the Palouse. A number of wineries and breweries also operate in the Spokane area.

Forestry and agribusiness continue to be important elements in the local economy, but Spokane's economy has diversified to encompass other industries, including the high-tech and biotech sectors. Signature Genomic Laboratories, a fast-growing genetics company, is headquartered in Spokane, and Itron, a producer of metering, data collection, and software products is headquartered in nearby Liberty Lake, Washington. Economic development in Spokane focuses on six industries: manufacturing, aerospace, health sciences, information technology, clean technology, and digital media. Spokane's downtown is the site of a 100-block wireless network—one of the largest of its kind in the country, which is seen as symbolic of its dedication to the development of technological opportunities and resources.

In 2000, the leading industries in Spokane for the employed population 16 years and older were educational services, health care, and social assistance, 23.8 percent, and retail trade, 12.7 percent. The health care industry is a large and increasingly important industry in Spokane; the city provides specialized care to many patients from the surrounding Inland Northwest and as far north as the Canadian border. Other industries include construction and mining, manufacturing, transportation, communication and networking utilities, finance, insurance, real estate, and government. Furthermore, all branches of the U.S. armed forces are represented in Spokane County. The largest military facility in the area is Fairchild Air Force Base. Sizable companies with locations in the Spokane region include Agilent, Cisco, F5 Networks, General Dynamics, Goodrich Corporation, Itron,Kaiser Aluminum, Telect, and Triumph Composite Systems.

As the metropolitan center of the Inland Northwest as well as southern British Columbia and Alberta, Spokane serves as a commercial, manufacturing, transportation, medical, shopping, and entertainment hub. The city is also the hub for the service industries, and the wholesale and retail trade center of the 80,000 square miles (210,000 km2) Inland Northwest region. Due in part because Spokane is the largest city between Seattle and Minneapolis, and because it lies along the route to many regional attractions, tourism is on the rise in the area. Spokane can be a "base camp" for activities such as river rafting, camping, and other activities in the region.

Contact: Christian Rose | (509) 747-0880
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