A K&H Success Story

Garden Court Office Building
222 W. Mission Ave
Spokane, WA 


36,977 Square Foot, Two Story Office Building Located in the Periphery of the Central Business District. 

Office space leased here helps support Hutton Settlement Children's Home, a historic not-for-profit organization, dedicated to providing a safe and loving home for children. 

CHALLENGE

  • Dated building with inefficient systems and high operating costs.
  • Building occupancy had fallen to 44%.
  • Non-profit owner requires cash flow to support mission.

STRATEGY

  • Community Hutton Settlement's mission to prospective tenants.
  • Upgrade common area finishes.
  • Upgrade lighting and mechanical systems to reduce energy usage

RESULTS

  • Leased to 94% occupancy 
  • Increased building value by over $1.4 million based on a 10% cap rate.

THANKS TO

  • K&H Commercial Property Management Team and Support Staff
  • Craig Soehren, Broker
  • K&H Facility Services Technician Team