Northmarq’s San Antonio office announces sale of Val Verde Apartments

Val Verde Apts
ae3acdf6-5e0f-4fa2-b86c-0c5d265ec010.jpg

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.

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, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

Image
NM Web Icon News Black

Stay on top of industry research