Marcus & Millichap Sells Oxford Pointe Multifamily Complex In Tyler To West Coast Buyer

The property asset involved in the transaction is a multifamily apartment complex named Oxford Pointe, located at 3100 State Highway 31 East in Tyler, Texas. The complex encompasses 131,233 square feet and consists of 152 units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not disclosed
• Square Footage: 131,233 SF
• Units: 152
• Address: 3100 State Highway 31 East
• Market: Tyler

The sale was arranged by Marcus & Millichap, with brokers Bard Hoover, Matt Aslan, and Nick Fluellen representing the seller and sourcing the buyer, a West Coast entity. The buyer assumed a 3.82% fixed-rate agency loan with six years remaining, and the deal fulfilled 1031 exchange requirements for both parties.