Sunchase Apartments, Corpus Christi

April 11, 2017 Comments Off on 224-Unit MF Sells in Value-Add Play Views: 197 Texas - Other, Texas News

224-Unit MF Sells in Value-Add Play

Raybec Alameda LLC struck a deal with F1S Sunchase Associates LLC for the 224-unit Sunchase Apartments at 5445 S. Alameda St. in Corpus Christi, TX. The buyer nabbed the property for value-add purposes, and plans an upgrade to the property.

JLL’s Scott LaMontagne, Moses Siller and Zar Haro represented the Houston-based seller. The sales price was undisclosed, with public records valuing the asset at $8.3 million.

The property is situated on 9.3 acres, and is close to downtown Corpus Christi. Onsite amenities include a swimming pool, fitness center and laundry facility. “With the right strategic additions, this property will be in great shape for long-term stability, future rent growth and continued value appreciation, making this an exceptional investment for years to come,” Haro said.

Connect with JLL’s LaMontagne

Connect with JLL’s Siller

Connect with JLL’s Haro


Subscribe to Connect Daily Texas

For advertising information, please contact Joni Margotta

Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone

Tags: , , ,

Comments are closed.