The former 121-unit senior living facility, Northgate Apartments, was recently sold for $19 million in a fully marketed sale by the Simon and Anderson team at Kidder Mathews. The property was listed on behalf of an institutional owner.
Dylan Simon, Matt Laird, and JD Fuller from the multifamily investment team at Kidder Mathews’ Seattle headquarters expertly represented the seller. The buyer is a local privately held real estate company. This transaction involved only one broker – Kidder Mathews. Located in Northgate – just 15 minutes north of downtown Seattle – this four-story building is situated at 11501 15th Avenue NE.
According to Dylan Simon, “We successfully marketed this property with no historical operations as a market-rate apartment building and achieved full vacancy.” He added that their comprehensive marketing campaign resulted in hosting 45 tours and receiving offers from interested parties before closing the sale within just 22 days of signing the contract.
The article titled “Kidder Mathews Sells $19M Apartment Building in Northgate” showcases another successful deal by Connect CRE’s trusted partners.
