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| Port Royale Apartment Homes, Victoria, TX |
VICTORIA, 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 Point Royale Apartment
Homes, a 120-unit apartment complex in Victoria, Texas. The terms of the
sale were not released.
Joe
James, Kent Myers and J. Patrick Burke, all senior associates in the Austin
office of Marcus & Millichap, represented the seller, the property’s
developer, and the buyer, a limited liability company.
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| Joe James |
“Point
Royale is a stable, newly constructed asset in a strong secondary market in the
heart of the Eagle Ford Shale, South Texas’ largest oil and gas development,”
says James. “The interest we are seeing for quality apartments in the region is
extremely high due to the economic boom in the area,” adds Myers.
Built in
2012, the property is located at 4106 North John Stockbauer Drive in Victoria,
Texas, which is approximately 30 miles from the Gulf of Mexico and within a
two-hour drive of Austin, Corpus Christi, Houston and San Antonio.
The
apartment complex is near the Citizens Medical Center, the Caterpillar
Hydraulic Excavator plant, Victoria College and the University of
Houston–Victoria.
Apartments at Point Royale feature a one-, two- or three-bedroom floor
plan with washer and dryer, electric appliances, nine-foot ceilings, walk-in
closets, crown molding, large windows, private patios/balconies and garden
tubs. All units are wired for high-speed Internet and cable television.
Community amenities include gated entry, covered parking, on-site management, a
swimming pool, fitness center, outdoor kitchen, resident clubhouse and business
center.
For a complete copy of the company’s news release, please
contact:
Gina Relva
Public Relations Manager
(925) 953-1716
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