Eagle Rock_Property for Sale
Eagle Rock_Property for Sale
12423 East Mansfield Avenue, Spokane Valley, WA, 99216, US

Eagle Rock

Asset Description

JLL Capital Markets is pleased to present Eagle Rock (the “Property” or “Community”), a 210-unit garden-style gated community located in the rapidly growing Spokane Valley submarket. Eagle Rock occupies a strategic location in Spokane Valley, offering residents proximity to downtown Spokane, Coeur d’Alene, exceptional recreational amenities, and convenient access to a diverse array of retail and dining options at the nearby Spokane Valley Mall.

 

Built in 1998, the Property presents a compelling value-add opportunity through strategic repositioning. Potential improvements include community amenity upgrades and unit renovations, allowing investors to capitalize on the robust demand for modern housing driven by the Property’s premier suburban location and the current supply constraints in the market.


Furthermore, Eagle Rock offers the distinct advantage of assumable in-place agency financing, with 8 years of remaining term and 2 years remaining of interest-only term, at a below market interest rate.

...

Attributes

Number of units
210
Year built
1998
Building area net
17,147 m²
Parking spaces
407
Land area net
4.05 ha

Media

Investment Highlights

  • Blank slate value-add opportunity
  • Premier suburban submarket with strong market fundamentals
  • Rent growth supported by supply constrained submarket
  • Exceptional connectivity to downtown Spokane, Coeur d’Alene, major thoroughfares, and lifestyle amenities
  • Appealing alternative to purchasing a home
  • Ability to assume attractive loan in today’s interest rate environment
Eagle Rock 4_Property for Sale
Eagle Rock 4_Property for Sale

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Last updated
12 Feb 2025