Colliers Brokered Sale Of 87-Unit Shoal Pointe Apartments In Texas City

The transaction involved the sale of Shoal Pointe Apartments, a multifamily property located at 813 Bay Street North in Texas City. The asset consists of 87 units and was built in 1970, with partial renovations completed in 2020.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: Not disclosed
• Units: 87
• Address: 813 Bay Street North
• Market: Texas City
• Built: 1970
• Partial Renovation: 2020

Brokers Bob Heard, Chip Nash, and Jaleel Adatia from Colliers represented the undisclosed seller in this transaction. The identity of the private buyer remains undisclosed.