Max Frame of the Kidder Mathews’ Simon and Anderson multifamily team in Seattle, represented separate buyers in the purchase of two Spokane, WA apartment buildings, totaling $5.5 million.
“I want to thank the seller and both buyers in the sale of these buildings. With continued demand from buyers in the competitive Spokane market, it was great helping both my clients expand their apartment portfolio,” said Frame.
The Lloyd, a 37-unit complex was built in 1911, and is comprised of 33 residential and 4 commercial units. The property sold for $4.25 million and the buyer plans on renovating the entire building.
The Annie, a two-building property on West Sinto Avenue is comprised of a total of 11-units. It was built in 1910, and sold for $1.25 million.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.