M&M Arranges Sale of 51-Unit Apartment Building
IRVING, TEXAS — Marcus & Millichap has arranged the sale of Crescent Ridge, a 51-unit apartment property located in Irving. Ford Braly of the Silva multifamily team in Marcus & Millichap’s Fort Worth office marketed the property on behalf of the seller, an individual California investor. Juan Cuevas and Lucas Fertitta of Marcus & Millichap’s Houston office secured the buyer, a private out-of-state investor. Crescent Ridge is located at 506 N. Rogers Road along Irving Boulevard. The property was built in 1964 on a concrete slab foundation and has wood framing with a brick veneer exterior. Units average 795 square feet. Amenities include a courtyard with barbeque grills and a picnic area, laundry facilities and an onsite leasing office.