Marcus & Millichap Arranges the Sale of 27-Unit Apartment Building
HOUSTON, TEXAS, January 26, 2015– 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 Oak Forest Place, a 27-unit apartment property located in Houston, according to David H. Luther, vice president/regional manager of Marcus & Millichap’s Houston office. The asset had a list price of $1,275,000. The asset sold for more than the list price and went to contract just two days after being activated.
Juan Cuevas, a senior associate in Marcus & Millichap’s Houston office, had the exclusive listing to market the Oak Forest Place on behalf of the seller, a private investor. Tom Cervone of Camelot Realty represented the buyer, Fisher Homes, LLC.
Oak Forest Place is located at 4300 Rosslyn Road in Houston.
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About Marcus & Millichap (NYSE: MMI)
With over 1,400 investment 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 6,600 transactions in 2013 with a value of approximately $24 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