Kidder Mathews Sells Spokane Apartment Complex for $1,162,000

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Max Frame of the Simon and Anderson Team, a multifamily investment team at Kidder Mathews, represented the buyer in a value-add apartment acquisition at 731 and 737 South Hatch Street in Spokane, Washington. The $1,162,000 transaction follows an active first half of the year for the Simon and Anderson Team, which featured 18 sales.

Built in 1978, the vintage eight-unit apartment complex is situated in the heart of the highly desired South Perry District. The building benefits from being surrounded by restaurants and popular shopping destinations in one of Spokane’s most up-and-coming neighborhoods.

“While sales volume has decreased across the entire real estate industry due to rising interest rates, it is great to see sales still getting over the finish line in Spokane with continued buyer demand,” 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 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 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.

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