Home Finance 10-Unit Ballard Apartment Building Sells for $2.25M in Off-Market Deal

10-Unit Ballard Apartment Building Sells for $2.25M in Off-Market Deal

Kidder Mathews, Ballard, Contour, Seattle
Courtesy of Kidder Mathews

Seattle, Wash. (December 16, 2020) – A ten-unit apartment complex located at 2201 NW 62nd Street in Seattle, Washington, has sold for $2,250,000 in an off-market deal structured by Kidder Mathews. The buyer was Camila Borges of Contour, a private investment company. Winslow Lee, from the team of Dylan Simon and Jerrid Anderson, a multifamily investment team at Kidder Mathews, represented the buyer in the transaction.

The original building was built in 1954 and is situated on 10,000 square feet, a few blocks from downtown Ballard. The buyer purchased the property due to Ballard’s continued desirability and has outlined a townhome development project.  

The Simon and Anderson team sourced the 2201 NW 62nd Street apartment property off-market. The sale was under contract in August, but due to challenging lending conditions posed by COVID-19 in fall 2020, it was delayed to a December closing. 

About the Dylan Simon and Jerrid Anderson apartment brokerage team
The apartment brokerage team led by Dylan Simon and Jerrid Anderson of Kidder Mathews represents investors in the sale, purchase, and financing of apartment buildings and development land across the greater Seattle and Puget Sound region. The team of seven brokerage professionals specializes in sales and financings of apartment buildings and development land from $1 million to in excess of $100 million.

About Kidder Mathews
Kidder Mathews is the largest independently owned commercial real estate firm on the West Coast, with 900 real estate professionals and staff in 21 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, project & construction management, and debt & equity finance services for all property types. The firm performs $9.6 billion in transactions, manages over 70.5 million square feet of space, and conducts 1,700 appraisals annually.