Trinity Real Estate Acquires Uptown Queen Anne Apartments For $19.9M

The Uptown Queen Anne Apartments, a 60-unit multifamily building with two commercial spaces located at 315 1st Ave W. in Seattle, was sold for $19.9 million to Trinity Real Estate. The property was originally developed in 2001 and sold by the developer. This transaction marks the fifth deal between Kidder Mathews' Simon and Anderson team and Trinity Real Estate.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $19,900,000
• Units: 60
• Price per Unit: $331,667
• Address: 315 1st Avenue West, Seattle, WA
• Market: Seattle, WA
• Buyer: Trinity Real Estate
• Brokers: Jerrid Anderson & Winslow Lee - Kidder Mathews

The seller of the Uptown Queen Anne Apartments was the original developer who had owned the property since its development in 2001. Represented by Kidder Mathews, the transaction facilitated by the Simon and Anderson team was the fifth successful deal with Trinity Real Estate, continuing their strong partnership in real estate transactions.