Northmarq arranges sale of Sun Valley Apartments in Portland, Texas
SAN ANTONIO, TEXAS (July 29, 2022) – Zar Haro, managing director– investment sales and Phil Grafe, associate – investment sales in Northmarq’s San Antonio office, secured the sale of Sun Valley Apartments. Northmarq represented the seller, McGuire Family Properties. The 120-unit multifamily property (built in 1968) is located at 1617 Cimmarron Street in Portland, Texas.
“The new buyer plans to completely renovate the property to bring a new fresh feel to the community and supply upgraded quality housing to new residents coming into San Patricio county with the Exxon Project is booming,” said Haro.
The multifamily property is in a quaint community located just east of highway 181 and is situated on a bluff only 8 miles from the city of Corpus Christi. Residents can enjoy views of Nueces and Corpus Christi Bay from the comfort of their home. Sun Valley Apartments is only 16.8 miles from Corpus Christi International Airport. Tenants can take advantage of the larger city employment and entertainment opportunities. Portland offers numerous parks, low crime rates, and a small town feel while being easily accessible to the city.
Sun Valley Apartments is located within a 30-minute drive of two major colleges: Texas A&M, Corpus Christi, and Del Mar College. Sun Valley Apartments offers its residents walkable access to three shopping centers in under 2 miles, as well as the Texas State Aquarium and Corpus Christi Museum of Science & Industry clustered within 8.5 miles. Two military bases are less than a 15-mile radius away, including: US Naval Station Ingleside (24 minutes) and Corpus Christi Naval Air Station (32 minutes).
Community amenities include: On-site maintenance, surface parking space, outdoor pool and patio, storage space, and laundry facilities.
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Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
