James-Myers Multifamily Arranges the Sale of Central Texas Apartment Asset

realestate-investment-multifamily-property-sold-lake-drive-condos-taylor-texas-275x196TAYLOR, TEXAS – 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 Lake Drive Condos, a 19-unit apartment property located in Taylor, Texas, according to Craig R. Swanson, regional manager of the firm’s Austin office.

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

Lake Drive Condos is located at 210 West Lake Drive in Taylor, Texas.  Constructed in 1985, the property consists of three buildings with a total 19 units on 1.559 acres.

For additional investment information, please contact:

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

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

Follow us on Twitter @JamesMyersMF for the latest market news and activity.

The James-Myers Multifamily Team of Marcus & Millichap (NYSE: MMI) has participated in the sale of more than 63 transactions since 2007 totaling over 13,000 units and more than $730 Million in sales across Texas.  Contact us for acquisitions, dispositions, property evaluations or market information for your Texas apartments.

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