Northmarq’s San Antonio office announces sale of Val Verde Apartments
SAN ANTONIO, TEXAS (June 14, 2023) — Moses Siller, Zar Haro, Bryan VanCura, Phil Grafe and Brian Booth of Northmarq’s San Antonio office arranged the sale of Val Verde Apartments in Schertz, Texas. The 68-unit multifamily property was built in 1973 and is located at 1401 Schertz Parkway.
Northmarq represented the seller, a Texas-based owner-operator. “The property was very well received by the market due to its incredible location near major employers and the assumable debt,” said VanCura. “Both of these created a great opportunity for a new buyer and a win for the seller.”
Val Verde Apartments is conveniently located near shopping and leisure, and just a short walk to the Schertz Dog Park and Johnie McDow Sports Complex. Residents enjoy sidewalk-lined streets and a quiet neighborhood. The property is just five minutes from Interstate 35 and ten minutes from Loop 1604, providing residents with direct access to both San Antonio and New Braunfels.
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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.
