Marcus & Millichap Sells 200-Unit Maverick On Gilmer In Longview Texas

The property asset involved in the transaction is a 200-unit multifamily community located at 614 Gilmer Road in Longview, Texas. The asset encompasses a total area of 156,742 square feet and is situated on 10.42 acres. The transaction occurred in a market demonstrating increased investment activity, particularly in East Texas.

Summary of transation details:

• Property Type: MultiFamily
• Transaction Amount: Not specified
• Units: 200
• Square Footage: 156,742
• Address: 614 Gilmer Road
• Market: Longview, TX
• Acres: 10.42

The sale was brokered by the team of Matt Aslan, Nick Fluellen, Bard Hoover, and Kevin Parrish from Marcus & Millichap, who represented both the buyer and seller in the transaction. The property, built in 1979, is part of a trend where nearly 950 apartment units have been exchanged in Gregg County over the past year.