Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Woodfront Condominiums, a 49-unit apartment property located in Dallas, Texas, according to Kyle Palmer, Regional Manager of the firm’s Fort Worth office.

John Barker, First Vice President Investments and Daniel Burton, Associate in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust. The buyer, a private investor, was also secured Mr. Barker and Mr. Burton. “During the marketing period, we generated 16 tours and 9 offers” said John Barker.

Woodfront Condominiums is located at 5411 Columbia Avenue in Dallas, Texas. The subject property is a 49 Unit, 1984 construction, quality Class C multifamily asset located less than a mile away from Interstate 30.

The property has wide unit mix of one bedrooms and two bedrooms, pitched roofs, and five buildings. All are two story residential buildings each with garages with electric openers. The two story brick and vinyl building is constructed of a concrete slab foundation.

About Marcus & Millichap (NYSE: MMI)

With over 1,600 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 8,700 transactions in 2015 with a value of approximately $37.8 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com