Valley Vista Apartments, a 108-unit multifamily property located at 6830 Tacoma Mall Boulevard in Tacoma, Washington, has sold for $15,850,000. Elijah Piper and Tony Herrmann of Kidder Mathews’ Simon | Anderson Multifamily Team, along with Brian Richardson, also of Kidder Mathews, represented the seller, Investors Management Group, and served as the sole brokers in the transaction. The buyer is a California-based investment group.
Valley Vista Apartments is a well-located multifamily community offering residents convenient access to major employment centers, retail, and transportation corridors throughout the Tacoma area. The property features a mix of unit types with spacious layouts designed to meet the needs of the local renter base and presents strong value-add potential.
The asset benefits from its proximity to key regional drivers, including downtown Tacoma, Joint Base Lewis-McChord (JBLM), and major healthcare employers, as well as easy access to Interstate 5, enhancing connectivity throughout the Puget Sound region.
“This transaction underscores continued demand for sizable multifamily assets in the Tacoma market, particularly those offering accessibility, stability, and future upside,” said Piper.
The buyers view Tacoma as a market with significant upside despite a challenging environment. They are particularly confident in operational improvements and repositioning opportunities.
“Valley Vista presented a tight timeline in a challenging market,” said Kevin Crook, Director of Business Development at Investors Management Group. “The Kidder Mathews team brought urgency, focus, and market insight that made a meaningful difference. Within days, they secured a full-price offer from a qualified buyer who delivered on every commitment and closed on time. Their ability to execute quickly and provide certainty in a time-sensitive situation exceeded our expectations.”
About the Simon | Anderson Multifamily Team
The apartment brokerage team led by Dylan Simon and Jerrid Anderson of Kidder Mathews represents apartment investors, developers, and landowners in the sale and purchase of apartment buildings and development land across the entire State of Washington. The team of 12 brokerage professionals specializes in the sale and purchasing 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 fully independent commercial real estate firm in the Western U.S., with over 900 professionals in 19 offices across Washington, Oregon, California, Nevada, and Arizona. We offer a complete range of brokerage, appraisal, asset services, consulting, and debt & equity finance services for all property types. Kidder Mathews averages $9 billion in transaction volume, manages more than 55 million square feet of space, and conducts nearly 2,700 appraisal, consulting, and cost segregation assignments annually. For more information, visit kidder.com.
