Call for Offers: 216-Unit Central Texas Luxury Asset

Offers to purchase The Retreat at Central Texas Marketplace requested by Thursday, November 20, 2014 by 5pm CST

the-retreat-at-central-texas-marketplace-for-sale-james-myers

With construction completed in 2009, The Retreat at Central Texas Marketplace is a Class A, luxury apartment complex with extensive amenities available including lush professional landscaping, controlled access gates, a state of the art business center, resort-style swimming pool, a car wash facility, and wood burning firecplaces, among many others.

WACO, TEXAS – The Retreat at Central Texas Marketplace is a luxury apartment community located in Waco, Texas. Completed in 2009, The Retreat is positioned at Waco’s most prominent highway exchange of Interstate 35 and Loop 340/Highway 6. The Retreat consists of 216 well appointed units and the property boasts lush landscaping, controlled access gates, elegant perimeter fencing, state of the art fitness center, business center, a resort style swimming pool, a car wash facility and both covered parking and garages. Additionally, unit interiors include custom gourmet kitchens with pantries, crown moldings, built-in desks, wood burning fireplaces, nine foot ceilings, private patios/balconies and full size washer and dryer connections. The complex is the premier apartment community in the Waco and boasts an upscale, urban atmosphere. The property is encircled by employment opportunities, Waco’s strongest retail presence and healthcare facilities. This unique offering provides investors long term stability with upside potential and long term value appreciation.

Excellent Employment and Retail Economic Drivers

The Retreat’s premier location at the bustling intersection of Interstate 35 and Loop 340/Highway 6 provides an unparalleled location to both employers and retail in Waco. The area’s retail is dominated by The Central Texas Marketplace, within walking distance to The Retreat. Waco’s premier urban shopping venue, the 800,000 square feet of retail space is one of Texas’ largest open-air retail centers. Tenants include Cabela’s, Office Depot, Best Buy, Kohl’s, Belk, Sports Authority, Old Navy, Men’s Warehouse, Bed Bath & Beyond, Pier 1 Imports, Books-A-Million and a variety of restaurants. The area’s employment opportunities are abundant as well. Located only 1 mile away, The Waco Hillcrest Baptist Medical Center opened in 2009 has become a premier health care center in Central Texas. The other preeminent health care center in Waco, Providence Health Center is only 3 miles away. The Retreat has benefitted from Waco’s southward growth as other attractions to the area include Cottonwood Creek Golf Course, the Waco ISD Sports Complex and the nearly 500 bed United States Veterans Medical Center. Waco’s staple employment drivers are within minutes as well. These include Baylor University, L-3 Communications Integrated Systems and the Waco ISD school system. Headlining companies such as Wal-Mart have built new facilities in the area in the recent past.

One of the Fastest Growing Economic Corridors in the Nation

The Waco-Temple-Killeen MSA is located in one of the fastest-growing economic corridors in the nation. Waco is situated 90 miles south of Dallas/Fort Worth and 100 miles north of Austin. Waco boasts rapid growth in all areas of the economy including population growth, business, the medical industry, retail services, entertainment and educational facilities. The population of Waco is currently estimated at over 124,805 people and has increased 9.7% since 2000. The Retreat at Central Marketplace offers investors an excellent opportunity to acquire the premier best-in-class asset in an expanding market.

For the complete marketing package, please sign The Retreat at Central Texas Marketplace Confidentiality Agreement.

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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