Rio Grande Valley Multifamily Asset Sale Brokered by IPA
HARLINGEN, Texas, Oct. 18, 2017 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI) announces the sale of Vantage at Harlingen, a 288-unit apartment property in Harlingen, Texas.
Will Balthrope, executive director, Drew Kile, senior director, Jordan Featherston and Joey Tumminello, associates, represented the seller, and procured the buyer, Presidium.
The property was built in 2015 and is located near one of the busiest crossroads in the Rio Grande Valley, the intersection of Highway 77/Interstate 2 and Highway 83/Interstate 69 E. Nearby employers include the Valley Baptist Medical Center, Harlingen Consolidated Independent School District, and Vicki Roy Home Health. Residents have immediate access to retailers such as Target, H-E-B, Bass Pro Shops, Walmart Supercenter, and the Valle Vista Mall. Valley International Airport, the largest airport in the Rio Grande Valley, is seven miles away.
Vantage at Harlingen is one of the few three-story, garden-style multifamily properties in the Rio Grande Valley area.