Marcus & Millichap Sells 248-Unit Retreat At 2818 In Bryan Texas To California Investor

The property involved in this transaction is a multifamily asset located at 3301 Providence Drive in Bryan, Texas. It consists of 248 units spread over 18.84 acres.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not disclosed
• Units: 248
• Acres: 18.84
• Address: 3301 Providence Drive
• Market: Bryan, TX

The transaction was arranged by the brokers Alec Schenk, Nick Fluellen, Bard Hoover, and John McGregor from Marcus & Millichap. The buyer of the property is a California-based real estate investment firm and they plan to invest about $3 million in renovations during the first year, following over $2.8 million in prior capital improvements.