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12310 W 12th Ave 20,925 SF Specialty Building Offered at $2,515,075 CAD at a 6.16% Cap Rate in Airway Heights, WA 99001
Investment Highlights
- Value Add Upside in Rents
- Prime Location near AFB and New housing
- Paved, Gated and Camera System in Place
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$283,146
|
$13.53
|
| Other Income |
$10,391
|
$0.50
|
| Vacancy Loss |
$67,665
|
$3.23
|
| Effective Gross Income |
$225,871
|
$10.79
|
| Taxes |
$21,072
|
$1.01
|
| Operating Expenses |
$49,860
|
$2.38
|
| Total Expenses |
$70,932
|
$3.39
|
| Net Operating Income |
$154,940
|
$7.40
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $283,146 |
| Annual Per SF | $13.53 |
| Other Income (CAD) | |
|---|---|
| Annual | $10,391 |
| Annual Per SF | $0.50 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $67,665 |
| Annual Per SF | $3.23 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $225,871 |
| Annual Per SF | $10.79 |
| Taxes (CAD) | |
|---|---|
| Annual | $21,072 |
| Annual Per SF | $1.01 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $49,860 |
| Annual Per SF | $2.38 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $70,932 |
| Annual Per SF | $3.39 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $154,940 |
| Annual Per SF | $7.40 |
Property Facts
| Price | $2,515,075 CAD | Building Class | B |
| Price Per SF | $120.19 CAD | Lot Size | 1.38 AC |
| Sale Type | Investment or Owner User | Building Size | 20,925 SF |
| Cap Rate | 6.16% | No. Stories | 1 |
| Sale Condition | 1031 Exchange | Year Built/Renovated | 2017/2024 |
| Property Type | Specialty | Parking Ratio | 0.67/1,000 SF |
| Property Subtype | Self-Storage | Opportunity Zone |
Yes
|
| Zoning | I-1 - Light Industrial | ||
| Price | $2,515,075 CAD |
| Price Per SF | $120.19 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.16% |
| Sale Condition | 1031 Exchange |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 1.38 AC |
| Building Size | 20,925 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2017/2024 |
| Parking Ratio | 0.67/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | I-1 - Light Industrial |
Amenities
- Signage
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 15243.0079 | Total Assessment | $2,030,354 CAD |
| Land Assessment | $121,944 CAD | Annual Taxes | $21,072 CAD ($1.01 CAD/SF) |
| Improvements Assessment | $1,908,410 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
15243.0079
Land Assessment
$121,944 CAD
Improvements Assessment
$1,908,410 CAD
Total Assessment
$2,030,354 CAD
Annual Taxes
$21,072 CAD ($1.01 CAD/SF)
Tax Year
2025
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12310 W 12th Ave
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