NorthMarq arranges the sale of SOCO Apartments in Austin, Texas
AUSTIN, TEXAS (January 5, 2021) – The 122-unit SOCO Apartments, located at 6300 South Congress Avenue in Austin, Texas was recently sold by NorthMarq’s Austin Investment Sales team. Scott Lamontagne, managing director, and Diane Sogal, vice president, brokered the sale and represented both buyer and seller in this transaction.
The buyer was Avela Real Estate Partners. Westdale Real Estate Investment & Management was the seller.
Community amenities include: Business Center, carport, close proximity to UT & St. Edwards University and downtown Austin, clubhouse, controlled access gates, courtyard, covered parking, fitness center, garage, laundry facilities, night patrol, on-site maintenance/management, picnic area with Barbeque grill, public transportation, recycling, resort-style pool and short-term lease options.
Apartment amenities include: Air conditioner, bay window, built-in microwave, carpeting, ceiling fan, dishwasher, disposal, electronic thermostat, extra storage, faux granite countertops, garden tub, patio/balcony, refrigerator, W/D connections, walk-in closets, washer/dryer and wheelchair access.
Meet our team
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.
