BearRock Investments LLC
Sinto Office Building
9317 E. Sinto Avenue, Spokane Valley, Washington
~ 4 Year Hold | Targeting 25% IRR
Active
Prior to purchase, leased balance of building to Spokane County government bringing building to 100% occupancy. Purchased building substantially below replacement cost.
Project Type | Source | Size | Acquisition Price | Sale Price |
|---|---|---|---|---|
Office | Industry relationship, on the market | 42,661 square feet | $5,300,000 | Not yet sold |
We acquired the property on an all-cash basis with no debt. At closing, approximately 90% of the building was leased to a well-established Spokane-based service company in the first year of a 10-year lease.
Shortly after acquisition, we secured a 10-year lease with Spokane County for the remaining space, bringing the asset to 100% occupancy with weighted-average lease terms of 9–10 years remaining.
The property generates strong, stable cash flow backed by high-quality tenancy. The partnership plans to either sell the asset or place conservative, long-term debt, enabling a tax-efficient return of investor equity while preserving ongoing income for those who wish to remain invested.
