Marcus & Millichap facilitated the sale of Ashton, a 152-unit apartment community in Saginaw, Texas.
Ford Braly, first vice president, along with Al Silva, senior managing director investments, and Dylan York, associate, all based in Marcus & Millichap’s Fort Worth office, exclusively marketed the property on behalf of the seller, a private out-of-state investor, and procured the buyer, an experienced local operator.
The buyer plans to make select improvements to the property and capitalize on the limited competition in Saginaw’s class B multifamily housing market.
Built in 1984, Ashton is a 15-building community spanning nearly eight acres at 681 N. Saginaw Blvd. It offers one- and two-bedroom apartments with private patios or balconies, walk-in closets and fireplaces. Residents have access to a clubhouse, swimming pool, dog park and barbecue grilling stations. Recent upgrades include renovated unit interiors, an updated leasing office and enhancements to shared amenities.
