January 20, 2021
NORRIS & STEVENS, INC. BROKERS $7.3M MULTI-FAMILY SALE IN LONGVIEW, WA
Sunset Moran, LLC and Sunset Berg, LLC recently sold the Sunset Village Apartments located at 140 Morse Park Way in Longview, Washington. The 66 unit multi-family property was purchased by Sunset Village Apartments, LLC for $7,300,000. The transaction represented a top sale for 2020 in the Longview market at $110,606 per unit.
Longview continues to have a strong rental base with high demand for apartment units. Sunset Village was 100% occupied at closing. The property was recently renovated with new roofs, windows, siding and other miscellaneous improvement work completed.
David C. Chatfield, Cameron Mercer and David J. Rosenbaum with Portland-based Norris & Stevens, Inc. represented the Buyer and Seller in the transaction.
Norris & Stevens, Inc. is one of the largest locally-owned, full-service commercial real estate brokerage firms in Oregon and SW Washington. A member of the TCN Worldwide network, the firm was founded in 1966 and currently employs around 80 professionals in investment sales, leasing and property management for office, industrial, retail, land, and multi-family properties. The firm’s property management portfolio exceeds 6 million square feet of commercial space and 9,000 apartment units.