MARCUS & MILLICHAP ARRANGES THE SALE OF A 32-UNIT APARTMENT BUILDING
HOUSTON, TEXAS, May 2018 – 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 Peacock Plaza Apartments, a 32-unit apartment property located in Houston, Texas, according to David H. Luther, First Vice President / Regional Manager of the firm’s Houston office. The asset had a listing price of $2,250,000.
Juan Cuevas, Vice President Investments in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, a partnership.
Peacock Plaza Apartments is located at 1414 Austin Street #32 in Houston, Texas.
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About Marcus & Millichap (NYSE: MMI)
With over 1,800 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 9,000 transactions in 2017 with a value of approximately $42.2 billion. Marcus & Millichap 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