Seventh and James Apartments, a mid-rise apartment building totaling 96 units in Seattle’s First Hill neighborhood, sold this week for $26,900,000 in a fully marketed sale by Kidder Mathews’ Simon and Anderson team. The seller, a large institutional owner, acquired the property decades ago.
Dylan Simon, Matt Laird, and JD Fuller of the Simon Anderson team, a multifamily investment team based in Kidder Mathews’ Seattle headquarters, represented the seller in the marketing and sale of this highly sought-after investment property. Kidder Mathews sourced the buyer and was the only broker involved in the transaction.
“We were extremely pleased to see the investment community recognize this opportunity to invest in Seattle’s future,” said Simon. “Realizing the resiliency of the city’s great urban neighborhoods, as well as the future opportunity as Seattle continues to grow as the best urban center on the West Coast. Kudos to both seller and buyer for a seamless transaction amidst a challenging capital markets environment.”