Recently Rehabilitated North Austin Apartments Sold

The James-Myers Multifamily Team of Marcus & Millichap Announces the Sale of 112 Units in North Austin

Spanish Palms Austin Apartments Sold

Located on Rundberg Lane in North Austin, the 1972 infill asset sold to a local private investor in September 2012 after recent renovations were completed.

AUSTIN, TEXAS – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Spanish Palms, a 112-unit multifamily property located in Austin, Texas, according to J. Michael Watson, Regional Manager of the firm’s Austin office.

Kent Myers and Joe James, investment specialists in Marcus & Millichap’s Austin office, had the exclusive listing to market the property on behalf of the seller, a partnership.  The buyer, a private investor, was also secured by Joe James and Kent Myers.

Spanish Palms is located at 1007 East Rundberg Lane.  The property is a recently rehabilitated infill asset that contains units ranging from 750-square foot one-bedroom units to 1,200-square foot three-bedroom/two-bath units.  Community amenities include a swimming pool, leasing office and on-site laundry facilities

For information regarding this sale, please contact:

Joe James | jjames@marcusmillichap.com | 512-338-7852

Kent Myers | kmyers@marcusmillichap.com | 512-338-7853

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