Embassy Apartments Sold In Irving For $13.88 Million With Seller's Reps Preston Browne & Scott Lunine

The property involved in this transaction is a multifamily asset located at 1415 West Airport Freeway in Irving. It consists of 111 units and has a total square footage of 86,600. The sale price was $13,875,000, resulting in a price per unit of $125,000 and a price per square foot of $160.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $13,875,000
• Units: 111
• Square Footage: 86,600
• Price Per Unit: $125,000
• Price Per Square Foot: $160
• Seller's Representative: Preston Browne & Scott Lunine - Partners Real Estate

The transaction was marked by a successful effort from the seller's representatives, highlighting their commitment to executing the sale through effective processes and market intelligence. The accomplishment included over 100 executed confidentiality agreements and multiple qualified offers that contributed to a higher valuation than previous attempts. A cooperating broker facilitated the sale by sourcing an out-of-market buyer, which broadened the purchaser pool and emphasized the team’s strategic outreach to real estate professionals.