Suncrest Apartments, a 45-unit multifamily community located at 1800 Evergreen Street in Walla Walla, Washington, has sold for $4,304,225. Kidder Mathews Vice President Max Frame of the Simon | Anderson Multifamily Team in Seattle represented the seller, Art Griff, in the transaction. The buyer was Jason Zook.
Situated on 1.72 acres, Suncrest Apartments consists primarily of two-bedroom units and offers investors a value-add opportunity. The sale represents the property’s first change of ownership in 45 years, with Kidder Mathews serving as the sole brokerage firm involved.
“Properties that have been held by the same owner for nearly half a century don’t come to market often,” said Frame. “Suncrest offered a rare opportunity to acquire an established apartment community with significant value-add potential. The size of the transaction also speaks to the investment opportunities we’re seeing in markets outside Washington’s major metropolitan areas.”
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 15 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 20 offices across Washington, Oregon, California, Nevada, Arizona, and Texas. 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 55 million square feet of space, and conducts nearly 2,700 appraisal, consulting, and cost segregation assignments annually. For more information, visit kidder.com.
