MARCUS & MILLICHAP ARRANGES THE SALE OF A 13-UNIT APARTMENT PROPERTY
AUSTIN, TEXAS, March 6, 2017 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Spanish Village Apartments, a 13-unit apartment property located at 2210 Enfield Road in Austin, Texas, according to Craig R. Swanson, regional manager of the firm’s Austin office.
Josh Kantor and Mike Moffitt Jr, investment specialists in Marcus & Millichap’s Austin office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust.
Built in two phases in 1940 and 1960, Spanish Village Apartments consists of 12 two-bedroom and one, one-bedroom floor plans. Located in central Austin in the Tarrytown neighborhood, Spanish Village Apartments offers residents unrivaled access to Downtown Austin, the University of Texas and Loop 1, one of Austin’s largest thoroughfares.
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About Marcus & Millichap (NYSE: MMI)
With over 1,600 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 8,700 transactions in 2015 with a value of approximately $37.8 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com