SOLD: 100 Units in Odessa, Texas

realestate-investment-multifamily-property-for-sale-Village-Place-Odessa-texas-462x330ODESSA, 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 Village Place, a 100-unit multifamily property located in Odessa, Texas, according to Craig R. Swanson, regional manager of the firm’s Austin office.

Joe James and Kent Myers, both Associate Vice President Investments in Marcus & Millichap’s Austin office, had the exclusive listing to market the property on behalf of the seller, a Texas-based development company.

Village Place is located at 1100 Milburn Avenue in Odessa, Texas.  Within one mile of US Highway 385 and approximately one mile from Interstate 20, the primary thoroughfares in Odessa, the central location of Village Place allows for ease of access to major traffic arteries and all parts of Odessa.  Completed in 1971, the property offers spacious floor plans and mature trees.

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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