LONGVIEW, WA – Summerfield Commercial is pleased to announce the successful closing of a 196 Unit Complex, known as The Fairways Apartments, just off Interstate 5, in Longview, WA. This garden style complex was built in 1978. The complex has a good unit mix of 1, 2, and 3 bedroom units, spread out over 23 buildings on 4.48 acres. The selling price was $14,800,000.
George Petrie with Goodman Real Estate said “We are pleased with the sale and want to thank Summerfield Commercial for their persistent and tireless efforts in getting the transaction completed within tight timeframes required by both parties.” The selling entity was GRE Fairways LLC and the buying entities were BV Fairways LLC and JM Fairways LLC. Summerfield Commercial represented both parties.
Summerfield Commercial specializes in representing clients in the sale and acquisition of multi-family properties. Summerfield has over 60 years of expertise in the brokerage business and has offices in both Washington and Oregon and opening an office in Arizona soon.