Press Releases
Marcus & Millichap Brokers Sale of 152-Unit Multifamily Asset in East Texas
May 14, 2025
TYLER, Texas, May 14, 2025 – 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 Oxford Pointe, a 152-unit apartment community in Tyler, Texas.
“After completing a full marketing process that generated 14 offers, we awarded Oxford Pointe to a West Coast buyer who assumed a highly attractive agency loan at a 3.82 percent fixed rate with six years remaining,” said Matt Aslan, first vice president investments. “The bigger success of this closing is that we successfully assisted both the buyer’s and seller’s 1031 exchange needs. The buyer fulfilled their 1031 upleg, and the seller is under contract on two properties that satisfy theirs.”
Matt Aslan, Nick Fluellen and Bard Hoover, investment specialists in Marcus & Millichap’s Dallas office, exclusively marketed the property on behalf of the seller and procured the buyer.
Oxford Pointe is located at 3100 State Highway 31 East. Built in 1971/2010, the garden-style community spans 131,233 square feet on 12.99 acres. Amenities include a resort-style pool, basketball court, playground, covered pavilion with Wi-Fi, barbecue area and an on-site laundry center. The property is near Loop 323 and Highway 31 and is minutes from the University of Texas at Tyler, Texas College and UT Health East Texas.
“After completing a full marketing process that generated 14 offers, we awarded Oxford Pointe to a West Coast buyer who assumed a highly attractive agency loan at a 3.82 percent fixed rate with six years remaining,” said Matt Aslan, first vice president investments. “The bigger success of this closing is that we successfully assisted both the buyer’s and seller’s 1031 exchange needs. The buyer fulfilled their 1031 upleg, and the seller is under contract on two properties that satisfy theirs.”
Matt Aslan, Nick Fluellen and Bard Hoover, investment specialists in Marcus & Millichap’s Dallas office, exclusively marketed the property on behalf of the seller and procured the buyer.
Oxford Pointe is located at 3100 State Highway 31 East. Built in 1971/2010, the garden-style community spans 131,233 square feet on 12.99 acres. Amenities include a resort-style pool, basketball court, playground, covered pavilion with Wi-Fi, barbecue area and an on-site laundry center. The property is near Loop 323 and Highway 31 and is minutes from the University of Texas at Tyler, Texas College and UT Health East Texas.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 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 clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
