A luxury mixed-use apartment building located minutes from downtown Seattle sold yesterday in a transaction structured by Kidder Mathews. The 130-unit mixed-use apartment complex, MUIR Apartments, sold for $54.5 million.
Dylan Simon, Winslow Lee, and Jerrid Anderson of the Simon and Anderson Team, a multifamily investment sales team based in Kidder Mathews’ Seattle headquarters, represented the seller in the marketing and sale of the property and directly sourced the buyer.
MUIR Apartments — taking its name from Camp Muir, a refuge on the ascent to Mount Rainier’s peak — stands as prominently as its namesake. The building was delivered in 2019 and boasts some of the finest interior design and resident amenities available in the Seattle market. Sightlines from units and the building’s rooftop deck offer unobstructed views of downtown Seattle and Mount Rainier.
“It’s an honor to represent Daly Partners,” said Simon. “They stand unique as one of the most thoughtful and detail-oriented developers in our region, and MUIR Apartments is no exception. Every buyer that toured this building was duly impressed with its remarkable design and build quality. Daly Partners continues to develop several exceptional multifamily projects in Seattle, including a new 134-unit development on Eastlake.”
The buyer is Denver-based EverWest Real Estate Investors, a real estate investment advisor providing investment management services throughout the U.S. including acquisitions, asset management, development, and property management. This includes active development and investment across the Pacific Northwest, and a bullish multifamily acquisition strategy in Seattle.
“We want to thank seller and buyer for an extremely smooth transaction,” said Simon. “From contract to closing was just 36 calendar days.”
About the Dylan Simon and Jerrid Anderson apartment brokerage team
The apartment brokerage team led by Dylan Simon and Jerrid Anderson of Kidder Mathews represents apartment investors and developers in the sale, purchase, and financing of apartment buildings and development land across Washington State. The team of ten brokerage professionals specializes in the sale of apartment buildings and development land from $1M to more than $100M. For more information, visit simonandersonteam.com.
About Kidder Mathews
Kidder Mathews is the largest independent commercial real estate firm on the West Coast, with 900 real estate professionals and staff in 21 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, asset services, consulting, project and construction management, and debt & equity finance services for all property types. The firm performs $10.9 billion in transactions, manages 62 million square feet of space, and conducts over 2,600 appraisals annually. For more information, visit kidder.com.