A newly constructed, mixed-use apartment building located in Seattle’s Beacon Hill neighborhood sold yesterday in a transaction structured by Kidder Mathews. Colina Apartments sold for $65,500,000.
Dylan Simon, Matt Laird, and Jerrid Anderson of the Simon and Anderson team, a multifamily investment team based in Kidder Mathews’ Seattle headquarters, represented the seller in the marketing and sale of the property and directly sourced the buyer.
Colina Apartments is a 139-unit luxury apartment community located at 2709 17th Avenue South, directly next to the Beacon Hill Light Rail Station. Construction was completed in 2021, and Colina reached full occupancy in early 2022. The modern and attractive two-building property sits at the 50-yard line of this rapidly urbanizing community atop Beacon Hill. Two rooftop decks with unobstructed views, retail amenities abound, and equal access to job centers in downtown Seattle and Bellevue further define Colina as a best-in-class apartment community.
“A combination of stellar architecture and design, along with superlative execution, contributed to significant investor excitement to own Colina,” said Simon. “Beacon Hill is one of Seattle’s best-kept secret neighborhoods, and Colina serves as a true marquee example of a developer predicting and meeting market demand.”
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 investors in the sale, purchase, and financing of apartment buildings and development land across the greater Seattle and Puget Sound region. The team of 10 brokerage professionals specializes in sale and financing of apartment buildings and development land from $1 million to more than $100 million. 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.