Seattle, Wash. (March 27, 2020) – Kidder Mathews’ multifamily investment team led by Dylan Simon and Jerrid Anderson closed the sale of Inlet View Apartments, located in the city of Silverdale, Washington, in Kitsap County. The property sold for $16,200,000, equivalent to $162,000 per unit and just under $218 per net rentable square foot.
Inlet View Apartments (9860 Bushlac Lane NW, Silverdale, WA) comprises 100 units across 7 buildings constructed in 1985. The four-acre property provides residents with the serenity and natural beauty that defines the Puget Sound region, while offering spacious living arrangements and communal amenities such as a playground, exercise room, and ample parking.
Nestled in the heart of Silverdale, residents are only steps from shopping centers and Kitsap employers creating an extremely livable and convenient community. Access to the Kitsap Mall, Naval Base Kitsap, and growing Harrison Medical Center is simply unmatched. Additionally, Inlet View is a quick drive to Bremerton, where fast-ferry service provides transportation to Downtown Seattle in just 28 minutes.
Dylan Simon, Executive Vice President, and Jerrid Anderson, Executive Vice President, of Kidder Mathews’ Seattle office represented the seller, a private owner. The buyer was not represented by a broker.
About the Dylan Simon and Jerrid Anderson Multifamily Investment Team
The Multifamily Investment Team led by Dylan Simon and Jerrid Anderson of Kidder Mathews represents apartment investors and developers in the sale, purchase, and financing of apartment buildings and development land ranging from $1 million to more than $100 million in value.
About Kidder Mathews
Kidder Mathews is the largest independently owned commercial real estate firm on the West Coast, with 800 real estate professionals and staff in 22 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 billion in transactions, manages over 70 million square feet of space, and conducts over 1,600 appraisals annually.