California Seller Sells 214-Unit Multifamily Copper Mountain In Killeen Texas To New York Buyer

The asset involved in this transaction is a multifamily community located at 2501 Bacon Ranch Road in Killeen, Texas. The property features 214 units and encompasses a total of 130,485 square feet on an 8.69-acre site. This transaction reflects current market dynamics, particularly appealing to investors focused on workforce housing in proximity to Fort Cavazos.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not disclosed
• Address: 2501 Bacon Ranch Road
• Market: Killeen, TX
• Units: 214
• Square Footage: 130,485
• Acres: 8.69
• Brokers: Alec Schenk, Nick Fluellen, Bard Hoover, Peter Flis & John McGregor - Marcus & Millichap

The sale was brokered by Marcus & Millichap on behalf of a private seller from California to a family office based in New York. The buyer intends to implement over $1 million in capital improvements, demonstrating a commitment to enhancing the community and responding to high demand, as evidenced by the 12 offers received during the listing period.