Two properties that make up the Topaz Villas at 5327 Timuquana Road sold for $66 million on September 7.
Through Mission Springs JV 2019 LLC, Lynd Co. of San Antonio sold the apartments to NS Property Management of Fort Lauderdale, which purchased the property through Villas at Ortega LP.
Lynd purchased the apartments in June 2019 for $35.15 million from Invest in America’s Veterans of Ponte Vedra Beach.
The apartments are located on Timuquana Road and Catoma Street, near the Timuquana Veterinary Hospital.
Both buildings were built in 1972 on 18.66 acres and have 444 units combined. The selling price per unit is $148,648.
There are one-, two-, and three-bedroom apartments ranging from 500 to 1,400 square feet. Monthly rents range from $885 to $1,800, according to apartments.com.
Amenities include a swimming pool, fitness center, tennis court, clubhouse, laundry facilities, and on-site management.
The combined assessed value is $19,846,299.
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