Listings/Knol Apartments

Knol Apartments

Sale Price: $44,500,000

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Sale Summary

The owners of the Diane Apartments had a key investment strategy for 2020, despite the challenges posed by COVID-19. After an unsuccessful attempt with their previous broker, they sought a certain and timely closing. The Simon | Anderson Team was hired in May and quickly connected with active investors to generate strong interest from 12 buyer groups within a week. With four offers received, the property was under contract in 24 hours, contingencies were waived after one week, and the sale closed just 30 days later. In a span of 67 days, the owners successfully achieved their goal, receiving cash in hand to pursue their future investment plans, even amidst a global pandemic.

Sale Details

Sale Date
August 27, 2020
Sale Price

Building Details

11239 SE 260th St
City, State
Kent, WA
Total Units
Year Built
146,810 SF
Land Size
405,934 SF / 9.32 acres


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Knol Apartments

11239 SE 260th St
Kent, WA 98030
Units: 215
Price: $44,500,000

About the Area

Kent, located in the center of the Seattle-Tacoma metropolitan area, is the 6th-largest city in Washington State. The Kent Valley is home to one of our region’s largest employment bases, with hundreds of thousands of blue- and grey-collar jobs, and features captivating neighborhoods, award-winning parks, exceptional school districts, and nationally accredited police and fire departments.

  • 1870–1900 Once a major hops producer, in 1889 Kent was named for the County of Kent, a key hops producing region in England.
  • 1900–1930 After the turn of the 20th century the area turned to dairy farming, and was home to a Carnation Condensed Milk plant.
  • 1930–1965 In the 1930s, Kent was known as the Lettuce Capital of the World. The lettuce fields eventually made way for the Boeing Space Center.
  • 1965 Boeing begins building their Space Center in Kent, establishing Kent as the industrial nerve center of the Puget Sound region.
  • 2005 Kent Station opens as a destination amenity for residents. Extensive retail, residential, and office space is anchored by a branch of Green River College, and supported by a transit center.
  • 2009 The ShoWare Center is home to the Seattle Thunderbirds (hockey), Tacoma Stars (soccer), and Seattle Mist (football). The 6,500-seat arena also hosts concerts, shows, and other events.
  • 2010–Future Alaska Airlines, REI, Oberto Sausage Company, and Seattle Bicycle Supply are all headquartered in the Kent Valley, while Amazon, Starbucks, and GE, operate major facilities here.


Miles from both Seattle & Tacoma


Largest city in Washington


Median Age (3 Mile Radius)


Largest manufacturing & distribution center in the U.S.


Largest industrial park on the West Coast


Parks, trails, play fields & open spaces

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