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Kidder Mathews Sells Queen Anne Apartments for $20M
Uptown Queen Anne Apartments, a mid-rise apartment building with 60 units and two commercial spaces located at 315 1st Avenue W. in Seattle, has sold for $19.9 million.
Jerrid Anderson and Winslow Lee of the Simon and Anderson team, a multifamily investment team based at Kidder Mathews’ Seattle headquarters, represented the buyer in this off-market transaction. The seller was the original developer of the property and had owned the building since 2001.
The buyer, Trinity Real Estate, is a well-respected investor in the Puget Sound area. This closing marks the Simon and Anderson team’s fifth successful deal with the company. “This off-market deal really highlights our team’s unmatched buyer network and ability to secure a strong price in a challenging market,” said Anderson. “I’m excited to see how Trinity Real Estate will take Uptown Queen Anne Apartments to the next level, boosting its value and appeal in this prime Seattle spot.”
