Longhorn Station sells in Austin

Multifamily complex comes with luxury features

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Marcus & Millichap recently completed the sale of Longhorn Station Apartments in Austin, Texas. The value of the transaction was not disclosed. Longhorn Station is a 300-unit garden-style apartment property located at 2005 Willow Creek Drive. Built in 1974, the property totals 250,762 rentable square feet and boasts an attractive unit mix of 10 efficiencies, 84 one-bedroom units, 204 two-bedroom units and two large three-bedroom penthouses. Amenities at the complex include a resort-style swimming pool and lounge area. The large clubhouse is complete with big-screen televisions, pool tables, a full kitchen and plenty of room for other activities. The fitness center is extensive and also includes racquetball courts and tanning beds. The identities of the buyer and seller were not disclosed. Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage operating nationwide. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....