Max Frame of the Simon and Anderson team, a multifamily investment team at Kidder Mathews, sold the Astor Terrace Apartments in Spokane, Washington for $2,600,000. Kidder Mathews represented the buyer.
The Astor Terrace Apartments are located in the Logan neighborhood of Spokane at 406 East Montgomery Avenue, just North of Gonzaga University. The property comprises 22 units and was built in 1908, then fully remodeled in 2014.
With this closing, Frame, who heads Kidder Mathews’ Eastern Washington apartment sale efforts, recorded his twelfth sale on the year, including eight in Spokane and other closings in Tri-Cities and Yakima.
“This was a great transaction for both buyer and seller and a smooth deal from start to finish. With rising interest rates and market uncertainty, it is great to see buyers still active and deals getting done,” said Frame.
About Max Frame
Working out of Kidder Mathews’ headquarters in Seattle, Washington, Max specializes in representing sellers and buyers in the sale of Eastern Washington apartments. Born and raised in Eastern Washington, Max combines his local knowledge and expertise of these markets with Kidder Mathews’ national exposure and outreach. Max works with Executive Vice Presidents Dylan Simon and Jerrid Anderson of the Simon and Anderson team.
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 20 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 52 million square feet of space, and conducts over 2,600 appraisals annually. For more information, visit kidder.com.