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| Lotus Village apartments, Austin, TX |
AUSTIN, TX – Marcus & Millichap Real Estate Investment
Services, the nation’s largest real estate investment services firm, has been
awarded the exclusive listing to market for sale Lotus Village, a
222-unit apartment complex in Austin. The property is being offered on a
cash-to-existing-note basis.
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| Joe James |
Joe James and Kent Myers, senior associates in
Marcus & Millichap’s Austin office, are representing the seller, a regional
developer.
“Constructed in 2012, Lotus Village has experienced an impressive
lease-up and is currently at 98 percent occupancy,” says James.
“This infill asset is the premier apartment community in its
submarket and features an upscale urban atmosphere,” adds Myers.
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| Kent Myers |
The property located on 8.1 acres at 300 Ferguson Drive in
north central Austin.
Unit interiors at Lotus Village feature faux-wood flooring,
built-in computer desks, black appliances, nine-foot ceilings, linen closets,
private patios/balconies and under-kitchen-cabinet lighting packages. Every
unit has a full-size washer and dryer.
Community amenities include elevators, a swimming pool, a
clubhouse with business center, controlled access security gates, a hot tub, a
24-hour fitness center, detached garages and covered parking. Wi-Fi is provided
in the clubhouse and pool area.
For a complete copy of the company’s news release, please
contact:
Gina Relva
Public Relations Manager
(925) 953-1716
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