Central Texas Class-A Apartment Complex Sold by Marcus & Millichap in Floresville, TX

Oakland Hills Apartments, 386 Paloma Drive, Floresville, TX 

Joe James

FLORESVILLE, TX – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Oakland Hills, a newly constructed 120-unit apartment complex in Floresville, Texas. The terms of the sale were not released.

            Joe James and Kent Myers, both associate vice presidents in Marcus & Millichap’s Austin office, represented the seller, the property’s developer. James and Myers also procured the buyer, a limited liability company.

            “Floresville benefits from its proximity to San Antonio and the Eagle Ford Shale oil and gas economic development region,” says James.

“As one of the few multifamily housing options in the area, Oakland Hills is well-positioned to benefit from the region’s economic growth,” adds Myers. 

            Completed this year on an 11.15-acre site at 386 Paloma Drive in Floresville, Texas, the property is on the south side of Floresville at the intersection of Veterans Drive and Paloma Drive, minutes from Connolly Memorial Medical Center and within easy access of Highway 181, the major corridor leading to San Antonio.

Kent Myers

 There are 11 colleges and universities within a 25-mile radius, including Coastal Bend Community College in Pleasanton, Texas Lutheran University in Seguin and several in the central San Antonio area.

            Apartments at Oakland Hills feature walk-in closets, washer and dryer connections, private patios or balconies, wood floors, faux-granite countertops, dark wood cabinets, electric appliances, nine-foot ceilings, crown moldings, large windows and garden bathtubs.

Community amenities include a resident fitness center, a swimming pool, a business lounge with high-speed Internet access, gated entry, covered parking, a resident clubhouse, onsite management, and professionally landscaped grounds.

For a complete copy of the company’s news release, please contact:

Gina Relva

Public Relations Manager

(925) 953-1716