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BearRock Investments LLC
Lydig HQ Campus
11001 E. Montgomery Drive Spokane Valley, Washington
8 Year Hold | 10.2% IRR
Sold (inactive)
Purchased the property as sale/leaseback by Lydig Construction with a 10-year lease. 7% + annual preferred return to investors.
Project Type | Source | Size | Acquisition Price | Sale Price |
|---|---|---|---|---|
Industrial/Office | Industry relationships, on the market | 36,526 square feet in two office buildings and shop space on 5.53 acres of land | $5,800,000 | $6,650,000 |
We acquired the property through a sale/leaseback from Lydig Construction, a 60 year, privately held construction company in Spokane, Washington with offices in Bellevue and the Tri-Cities. BearRock negotiated a 10-year lease including annual escalations with Lydig. This investment delivered a 7% + preferred annualized return to investors over an eight-year hold period. The property was ultimately sold at a profit resulting in 10.2% IRR and 1.9X equity return over the eight-year term.
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