Northmarq arranges $19.2 million sale of Aria Apartments in San Antonio, Texas

SAN ANTONIO, TEXAS (March 1, 2022) – Moses Siller, managing director Northmarq’s San Antonio-based regional office, negotiated the $19.2 million sale of Aria Apartments.  The 170-unit value-add multifamily property (originally built in 1982) is located at 5315 Gawain Drive in San Antonio, Texas. 

The property is nestled on 5.6851 acres and located in the highly sought-after Northeast submarket of San Antonio. This strong-performing asset is surrounded by a multitude of major employers, retail centers with national tenants, and a plethora of entertainment options along the Interstate 35 and Loop 410 corridor. The property sits within 8.2 miles of three institutions of higher learning, including Northeast Lakeview College, University of the Incarnate Word, and Trinity University. Thompson Square and Walzem Plaza offer residents retail opportunities within less than 0.6 miles. Nearby parks include: Tobin Park (3.6 miles), James Park (3.7 miles), Comanche Lookout Park (6.5 miles), Longhorn & Western Railroad (6.8 miles) and McAllister Park (7.8 miles).  

Community amenities include: Laundry facilities, controlled access, maintenance onsite, 24-hour availability, public transportation, fitness center, pool, gated, fenced lot and courtyard. Apartment amenities include: High-speed internet access, Wi-Fi, in-unit washer/dryer, washer/dryer hook-up, air conditioning, heating, ceiling fans, cable ready, smoke free, and wheelchair accessible rooms.