Sale Price: $1,400,000
For more information about this property, please contact the listing broker.
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Download the Lee Apartments Case Study at the link below:
Our buyer faced the challenge of finding a suitable apartment building in the Eastern region with limited inventory, particularly for a 15+ unit property. To overcome this, our team focused on the city of Spokane, tracking and investigating deals under contract. We discovered a property that had fallen out of contract and engaged with the listing broker to understand the issues and determine an enticing offer for the owner. Our buyer presented aggressive pricing and a swift closing within 21 days, surpassing the appeal of the previous deal. The result was a seamless process, with our team submitting a Purchase and Sale Agreement for the Lee Apartments and successfully closing the deal in record time. The sale details include a sales price of $1.4 million, $93,000 per unit, and $130 per net square foot.