Northmarq completes sale of the Indigo Apartments in Corpus Christi, Texas
SAN ANTONIO, TEXAS (April 24, 2023) — Northmarq’s Moses Siller, managing director, arranged the sale of the Indigo Apartments. The 220-unit multifamily property (built in 1965) is located at 5445 South Alameda Street in Corpus Christi, Texas. Northmarq represented the seller, 3CM LLC, in the transaction.
“The sale of Indigo Apartments is an example of how in this transitional market we can still leverage our investment sales expertise towards a successful closing,” said Siller.
With a focus on higher education students, faculty, and staff, the Indigo Apartments are just minutes from Texas A & M University and a few miles south of Downtown Corpus Christi. The property provides a diverse variety of studios to 4-bed/3-bath units. Located in the Bay Area neighborhood, residents enjoy easy access to South Padre Island Drive and Ocean Drive and 4 parks within 10 miles, including Oso Bay Wetlands Preserve & Learning Center, South Texas Botanical Gardens & Nature Center, and Corpus Christi Museum of Science and Industry.
Apartment amenities include: Hardwood floors, dishwashers, walk-in closets, kitchen islands, and patios. Community amenities include: Business center, club house, swimming pool, fitness center, pet park, playground, night patrol, and shared laundry.
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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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
