CBRE Facilitates $25M Sale of Apartments in Spokane Valley
CBRE arranged the $25.5 million sale of Village on Broadway, a 148-unit multifamily community in Spokane Valley, Washington.
CBRE’s Josh McDonald, Joe Nydahl and Jordan Louie represented the seller. “Village on Broadway presented a rare opportunity to acquire a well-located, stabilized asset with significant value-add potential in a high-demand submarket. With strong regional fundamentals, proximity to major employers and universities, and a clear path for operational and physical enhancements, the property is well-positioned to deliver long-term upside for the new ownership,” said McDonald.
Located at 12623 E Broadway Avenue in Spokane Valley, Village on Broadway was built in 1996 with one-, two- and three-bedroom units with in-unit washers and dryers. Amenities include covered parking, a community garden, dog park, playground and community barbeque area.
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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