Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Tronewood Apartments, a 24-unit apartment property located in Houston, Texas, according to Ford Noe, Regional Manager of the firm’s Houston office. The asset had a listing price of $1,284,000.

Juan Cuevas, First Vice President Investment in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, a private investor. Mr. Cuevas was able to generate multiple offers on the property enabling the seller to have hard money on day one of the escrow with a thirty day close very close to the list price.

Tronewood Apartments is located at 9222 Lockwood Drive in Houston, Texas.

About Marcus & Millichap (NYSE: MMI)

With nearly 2000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 9,472 transactions in 2018 with a value of approximately $46.4 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.