The Tides at Willow Pointe apartment complex in Richland, Washington has sold for $29,734,325. Kidder Mathews Senior Vice Presidents Ted Sipila, CCIM and Austin Kelley represented the seller, Eastern Washington-based developer Cedar and Sage Homes.
The Tides at Willow Pointe is a brand-new luxury apartment complex on the Columbia River waterfront at 230 Battelle Boulevard. It comprises 126 units across three buildings on 4.38 acres. The property offers resort-style amenities including a heated pool, leasing office, Amazon parcel lockers, kayak and paddleboard rentals, pet washing station, and garage parking.
Construction on the property completed in 2023. The complex offers large floor plans averaging ±800 square feet, a mix of one and two-bedroom units, and is located just 10 minutes from downtown Richland. Situated in a prime location to offer convenient access to all major jobs, restaurants, and entertainment — The Tides at Willow Point illustrates another example of strong investor demand for institutional-sized multifamily in Eastern Washington.
“It’s increasingly rare to see new construction with over 100 units in the current volatile multifamily market as a whole,” said Sipila. “In Richland, this is one of two new projects delivered in 1Q 2023 with over 100 units, which speaks to the growing interest in the area.”
About Kidder Mathews
Kidder Mathews is the largest independent commercial real estate firm on the West Coast, with over 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 & construction management, and debt & equity finance services for all property types. The firm performs $12 billion in transactions, manages 53 million square feet of space, and conducts over 2,600 appraisals annually. For more information, visit kidder.com.
