Coral Cay Apartments, a 109-unit multifamily property located at 1234 Nile Drive in Corpus Christi, was recently sold in a transaction brokered by Northmarq. The property boasts a high occupancy rate of 97% and was acquired by an affiliate of SPV Property Management from the seller, Sparkle Asset Management.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: Not specified
• Units: 109
• Address: 1234 Nile Drive, Corpus Christi
• Market: Corpus Christi

The sale of Coral Cay Apartments was facilitated by the team at Northmarq, including Zar Haro, Moses Siller, Bryan VanCura, Phil Grafe, and Cheryl Higley. Meanwhile, Cheryl Higley of Northmarq handled the financing for the transaction.

This acquisition represents a successful venture for SPV Property Management, further expanding their portfolio in the Corpus Christi market. With its desirable location, high occupancy rate, and professional representation by Northmarq and its brokers, Coral Cay Apartments presents a promising investment opportunity.