NorthMarq completes $22.75 million sale of 5Fifty Apartments in San Antonio, Texas

AUSTIN, TEXAS (July 30, 2021) – Scott Lamontagne, managing director, Diane Sogal, vice president and Justin Chambers, associate in NorthMarq’s Austin investment sales office arranged the $22.75 million sale of 5Fifty Apartments. The 204-unit multifamily property (built in 1984) is located at 550 Heimer Road in San Antonio, Texas. 

The property is located in the Thousand Oaks neighborhood (15 miles north of Downtown San Antonio). The property is situated next to recreational opportunities such as Mud Creek Park and Friesenhahn Park and enjoys close proximity to Northwoods Shopping Centers, three universities within 10 miles, and numerous other retail and community options. Apartment amenities include: Washer/dryer in unit, air conditioning, dishwasher, high speed internet access, hardwood floors, walk-in closets, refrigerator, tub/shower, heating and fireplace. Community amenities include: Pool, fitness center, laundry facilities, clubhouse, controlled access, maintenance on site, property manager on site, trash pickup, recycling, online services, public transportation, business center, basketball court and picnic area.