MARCUS & MILLICHAP ARRANGES THE SALE OF A 24-UNIT APARTMENT PROPERTY
AUSTIN, TEXAS, June 28, 2016 – 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 Meadow Breeze Apartments, a 24-unit apartment property located at 408 East Wonsley Drive in Austin, Texas, according to Craig R. Swanson, regional manager of the firm’s Austin office.
Mike Moffitt Jr. and Josh Kantor, investment specialists in Marcus & Millichap’s Austin office, had the exclusive listing to market the property on behalf of the seller, a private investor.
Built in 1972, Meadow Breeze Apartments has been renovated in the past three years with tile flooring and individual HVAC units. The 24-unit asset has a unit mix of 20 one-bedroom units and four two-bedroom units.
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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