This week, Max Frame and Winslow Lee of the Simon and Anderson team, a multifamily investment team at Kidder Mathews, represented the sellers in a duplex portfolio sale located within the Powerhouse Villas Community in Yakima, Washington. The sale featured 11 duplexes with a total price of $6,600,000. This sale is followed by an active 2022 for the Simon and Anderson team, which featured over $600,000,000 in sales volume spread throughout 54 apartment sales, 14 of which were in Eastern Washington.
The Powerhouse Villas, located at the corner of Powerhouse Road and North 31st Avenue, is comprised of 43 duplexes and triplexes built in 2019. This gated community is well located in the highly desired West Yakima neighborhood surrounded by ample amenities including schools, retail centers, healthcare facilities, and more.
“In an unsteady real estate and interest rate market, it is great to see this sale get over the finish line. Both the sellers and buyer were motivated to make this sale go through, making this transaction a pleasure to work on,” said Frame, who heads Kidder Mathews’ Eastern Washington apartment sales division.
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 11 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.