The Dirt: Commercial real estate deals unfold in Spokane Valley
Spokane business M3K LLC has purchased the Opportunity Shopping Center, at 12025 and 12109 E. Sprague Ave., for $5.3 million.
It’s an investment purchase for M3K owner Fred Lopez, who owns other Spokane properties.
The 70,000-square-foot Spokane Valley center near the Pines Road intersection includes tenants Dollar Tree and Grocery Outlet, and retailers in separate sections closer to Sprague. The transaction doesn’t include Value Village’s parcel and building on the east corner.
Kaitlin Caudle, of Black Commercial, and Paul Sleeth, of Colliers International, were the agents.
StanCraft moves into new building in Hayden
StanCraft Boat Co., a wooden boat manufacturer, recently moved into a newly constructed $2.4 million headquarters in Hayden.
The facility, at 2936 W. Dakota Ave., has nearly 30,000 square feet for offices, manufacturing and operations. StanCraft has separate buildings on the same property for repair and storage.
New offices to open
on North Helena Street
KD Hull Corp., of Colbert, has purchased a vacant 0.64-acre lot at 703 N. Helena St. to build an office warehouse building.
Construction is planned this year north of Trent Avenue and east of the Iron Bridge office complex. Kent Hull is managing partner of both KD Hull Corp. and Iron Bridge LLC. The property sold for $110,000.
Mike Livingston, of Kiemle & Hagood, represented the buyer. Darren Slackman, of NAI Black, assisted the seller, Dan C. Green.
Smart Smoke leases space at Industrial Park
Two new businesses have leased space in the Spokane Business and Industrial Park at 3808 N. Sullivan Road.
Smart Smoke Inc. leased 6,200 square feet for distribution and sales of electronic cigarettes. Everlasting Scents, a manufacturer of pet products, secured 4,000 square feet.
Chase Breckner, of the business park, handled the leases.
Maranata church buys Spokane Baptist building
Maranata, a Spokane church, has purchased a Spokane Valley church property at 12817 E. Broadway Ave. for $440,000.
Seeking larger quarters, Spokane Baptist Church sold the 5,500-square-foot building, which had minor fire damage from arson attacks.
Starting May 8, Spokane Baptist will hold services temporarily at Spokane Valley Event Center, 10514 E. Sprague Ave., until a sanctuary is built at an Otis Orchards building it purchased for $405,000. The church’s permanent location will be 4506 N. Harvard Road.