Located near downtown Richland, Washington, The Tides at Willow Pointe apartment complex has sold for $29,734,325. Kidder Mathews Senior Vice Presidents Ted Sipila and Austin Kelley represented the seller – Washington-based developer Cedar and Sage Homes.
The brand-new luxury property is situated on the Columbia River waterfront at 230 Battelle Boulevard with construction completed in 2023. It features 126 units across three buildings on 4.38 acres with large one and two-bedroom units averaging 800 square feet of floor space each.
In addition to resort style amenities offered by the complex it is also conveniently located near office spaces restaurants and entertainment options providing a prime location for investors looking to capitalize on strong demand for institutional multifamily properties in Eastern Washington . “It’s increasingly rare to see new construction with over 100 units in today’s volatile multifamily market,” said Sipila “In Richland this is one of two new projects delivered in 1Q 2023 boasting more than 100 units which speaks volumes about growing interest here.”
