NorthMarq arranges the sale of SOCO Apartments in Austin, Texas

SOCO Apts
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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. 

About Northmarq 
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.