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Seattle & Northwest  + Seattle  + Apartments  |  July 2, 2026
Jasmine Kilman
By: Jasmine Kilman

CBRE Arranges $24M Sale of 87-Unit Apartment Property in Seattle

CBRE has arranged a $24.1 million sale of The Q, an 87-unit multifamily community located at 1321 Queen Anne Ave N in Seattle’s Queen Anne neighborhood, to Kite Partners LLC.

CBRE’s Mark Zoffel, Peter Wright, Reed Hunter, and Spencer Clark represented the seller, Acme Realty, in the transaction. CBRE’s James Bach and Nick DaValle of CBRE’s Debt & Structured Finance team facilitated the loan assumption.

The Q offers studio, one and two-bedroom units and includes a rooftop deck, an on-site fitness center, and pet-friendly amenities. The building is within walking distance of Kerry Park, the Space Needle and Seattle Center. The sale reflects continued investor interest in walkable, close-in Seattle multifamily assets. “Well-located, walkable assets in submarkets like Queen Anne are exactly what multifamily buyers are looking for,” said Zoffel. “This transaction is a good example of that demand playing out.”

Join the region’s leading multifamily owners, developers, investors, lenders, and brokers at Connect Texas Multifamily on August 13 in Dallas for a focused discussion on the market forces redefining Texas real estate. Be in the room with the decision-makers driving deals and growth across Texas. Register today: www.ConnectTXMF2026.com.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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