Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Oak Park, a 105-unit multifamily property in Irving, Texas.
“This transaction marks the first time Oak Park has changed hands in over two decades,” said Bard Hoover, senior managing director investments. “The buyer plans to implement a comprehensive value-add program, and with Irving’s steady fundamentals and strong
demand for workforce housing, the property is well-positioned for long-term success.”
Hoover and Nick Fluellen, investment specialists in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller, David Yilmaz Living Trust, and procured the buyer, Gabe Craft and Aaron Katz.
Oak Park is located at 2800 W. Pioneer Drive and comprises 105 units across 84,614 rentable square feet. It is positioned less than a mile south of Highway 183, with convenient access to Loop 12 to the east and President George Bush Turnpike to the west.
Marcus & Millichap, Inc. (NYSE: MMI) is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. As of December 31, 2023, the Company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The Company also offers market research, consulting and advisory services to our clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion.
