Tuesday, July 23, 2013

New Apartment Complex Hits the Austin, TX Market

  
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.

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.

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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