Northmarq arranges $22.5M sale of 178-unit Go Go Apartments multifamily community in Spokane, WA
Photo source is CoStar.
SPOKANE, Wash. — Northmarq’s Seattle Investment Sales team, led by Tyler Smith, Steve Fischer, Joe Kinkopf and Brendan Greenheck, successfully brokered the $22.5 million sale of Go Go Heights Apartments, a 178-unit garden-style multifamily community located at 7024 N. Colton St. in Spokane, Washington.
Northmarq represented the seller, LC Gogo Heights LLC, in the transaction. The buyer was c702 LLC, a Washington-based private investment firm.
”There were a lot of market headwinds in getting this transaction to the finish line,” Kinkopf said. “The buyer was able to leverage their local team in order to execute on this deal quickly and successfully.”
The transaction reflects continued investor interest in well-located multifamily assets throughout the Pacific Northwest, particularly properties that offer scale and long-term value in growing regional markets.
Constructed in 1989, Go Go Heights Apartments offer residents a mix of two- and three-bedroom units featuring hardwood laminate flooring, walk-in closets, in-unit fireplaces, vaulted ceilings and private balconies. Other amenities include high-speed internet, indoor parking and a sparkling pool.
Located on Spokane's North Side, Go Go Heights benefits from convenient access to retail, dining and public transportation, as well as proximity to major employment hubs throughout the metro. Residents are also served by several local schools, including Linwood Elementary School, Salk Middle School and Shadle Park High School.
Meet our team
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $80 billion and has completed $91.3 billion in transactions over the past four years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide.
