Broadview Building

411 W Cataldo Ave Spokane WA 99201

Listing #: 579294 | Status: Sold | Last Modified: 2/6/2018 |

For Sale

411 W Cataldo Ave Spokane WA 99201

Broadview Building
Agent Information
Showing Instructions
Call Listing AgentNo
Use DiscretionNo

Alicia Barbieri

(509) 344-4902

Stephen Barbieri

(509) 344-4919

Goodale & Barbieri Company

(509) 459-6109

Listing Information
Listing Price$ 6,100,000
$/SF$ 203.33
Listing StatusSold
Days On Market467
Asset ClassRetail, Office
Search TagsGovernment, Industrial/Retail, Mixed-Use, Restaurant
Investment Information
Investment PropYes
Gross Income$ 596,998
Vacancy Factor %0.00%
Operating Expenses$ 198,661
Net Operating Income$ 398,337
CAP Rate6.53 %
Property Information
Building Information
Building StatusExisting
# of Buildings1
# of Floors3
Total Building Sq/ft30,000
Net Rentable Area28,514
Total Office Sq/ft21,229
Lot Sq/ft56,628
Property Type
Property TypeMixed Use
Market AreaCBD & Periphery
Tax ID #35181.4410
Parking Information
# Uncovered Spaces95
Total Parking Spots95
Year Built1907
Year Renovated2011
Construction TypeBrick

Public Comments: The Broadview Building is a 3-story, ±30,000 SF building located on the North Bank of the Spokane River and adjacent to Riverfront Park, which is beginning a $64 million renovation. The mixed-use building is 100% occupied with long-term leases, including 73% occupancy by GSA. The Broadview Building has undergone more than $3.5 million in capital improvements and upgrades since 2011. It was added to the Register of Historic Places in 2013 and years of real estate tax savings remain. The building has ample parking and strong visibility along Washington Street, one of downtown Spokane’s busiest streets.

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