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