West Texas Apartments Under New Ownership

realestate-investment-multifamily-property-sold-Live-Oak-Village-Midland-texas-275x196

Located in Midland, Texas, Live Oak Village boasts a central location near Highway 191 and Interstate 20, in the heart of the rapidly expanding West Texas oil and gas market.

MIDLAND, 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 Live Oak Village, a 100-unit multifamily property located in Midland, Texas, according to Craig R. Swanson, 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 private investor.  The buyer, a partnership, was also secured by Kent Myers and Joe James.

Live Oak Village is located at 2700 North Midland Drive in Midland, Texas.  Completed in 1977, the property offers central courtyards with mature trees and spacious floor plans. The property features one-bedroom and two-bedroom floor plans, ranging from 650 square feet to 1,250 square feet.

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.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s