Cooper Street Capital Acquires Regal Ridge Multifamily In Spokane, WA For $21.5M

Regal Ridge, a 97-unit apartment asset located at 5111 South Regal Street in Spokane, Washington, has been sold. Cooper Street Capital purchased the property from CEP Multifamily for a total price of $21.5 million. The transaction was facilitated by brokers Nicholas Ruggiero, Philip Assouad, and Giovanni Napoli from Institutional Property Advisors. The property sits on 4.5 acres of land.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $21,500,000
• Address: 5111 South Regal Street
• Market: Spokane, WA
• Buyer: Cooper Street Capital
• Seller: CEP Multifamily
• Brokers: Nicholas Ruggiero, Philip Assouad & Giovanni Napoli - Institutional Property Advisors
• Units: 97
• Price Per Unit: $221,649

This transaction signifies the successful sale of Regal Ridge, a 97-unit apartment asset, in Spokane, Washington. Both the buyer, Cooper Street Capital, and the seller, CEP Multifamily, agreed on a sale price of $21.5 million with a price per unit of $221,649. Brokers Nicholas Ruggiero, Philip Assouad, and Giovanni Napoli from Institutional Property Advisors played a crucial role in facilitating the deal.