Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Leuda May, a 22-unit apartment property located in Fort Worth, Texas, according to Mark R. McCoy, regional manager of the firm’s Fort Worth office.

Al Silva, Nick Fluellen, Bard Hoover, Ford Braly and Matt Aslan, investment specialists in Marcus & Millichap’s Dallas and Fort Worth Offices, had the exclusive listing to market the property on behalf of the seller, a local private investor. The buyer, a local partnership in a 1031 exchange, was also secured and represented by Silva, Fluellen, Hoover, Braly and Aslan after fielding 7 offers from a range of qualified investors.

“We were able to close this transaction with the first buyer in escrow, despite the market disruption. With the proximity of the property to the Silva Team’s downtown Fort Worth office and our expertise in the 75 unit and under realm, the seller was extremely happy with having the best of Dallas-Fort Worth Marcus & Millichap to work on this transaction.” commented Aslan, “We made it through the finish line because of our dedication and marketing skills”.

Leuda May is located at 301 W Leuda St in Fort Worth, Texas. The .49-Acre property was built in 1925 and was completely restored in 2001. The location of Leuda May is truly one of the most desirable in DFW, as Downtown Fort Worth and the Medical District continue their rapid medical, restaurant and business growth in the area, ensuring the sustained high growth of rental demand in this submarket for years to come.

About Marcus & Millichap (NYSE: MMI)

With over 2,000 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 9,726 transactions in 2019 with a value of approximately $50 billion. Marcus & Millichap 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.