Seattle, WA
CBRE Facilitates $25.5 Million Sale of Village on Broadway in Spokane Valley, WA
July 18, 2025
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Sr Corp Communications Manager
CBRE arranged the $25.5 million sale of Village on Broadway, a 148-unit multifamily community in Spokane Valley.
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.
Village on Broadway is a 15-minute drive to downtown Spokane and just minutes away from major employers, college universities, lifestyle and retail amenities.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, digital infrastructure services); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.