Uptown Queen Anne Apartments, a mid-rise building boasting 60 units and two commercial spaces, recently sold for $19.9 million in Seattle’s highly sought-after Queen Anne neighborhood. The sale was facilitated by Jerrid Anderson and Winslow Lee of the Simon and Anderson team at Kidder Mathews’ Seattle headquarters, representing the original developer who had owned the property since 2001.
The buyer, Trinity Real Estate, is well-known for their investments in the Puget Sound area. This marks the fifth successful deal between Trinity Real Estate and Simon and Anderson team.
Located near Climate Pledge Arena with scenic views from its spacious units, Uptown Queen Anne Apartments is a modern asset that offers an attractive investment opportunity with a cap rate of 4.7%. “We are delighted to have brokered this off-market transaction,” said Anderson confidently about their unmatched buyer network that secured a strong price despite challenging market conditions. He also expressed excitement about seeing how Trinity Real Estate will elevate Uptown Queen Anne Apartments’ value in this prime location within Seattle.
