Marcus & Millichap Arranges the Sale of a 15,512 SQ Single Tenant Net-Leased Property

Marcus & Millichap, ROHNERT PARK, Commercial Real Estate News, Palo Alto, Bay Area

ROHNERT PARK, CA, May 19, 2014 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Goodwill, a 15,512 square-foot single tenant net-leased property located in Rohnert Park, Calif., according to Steven J. Seligman, regional manager of the firm’s Palo Alto office. The asset sold for $2,000,000.

image007Ted Kokernak, an investment specialist in Marcus & Millichap’s Palo Alto officesecured and represented the buyer, a local Bay Area private investor.

Goodwill is located at 6591 Commerce Boulevard in Rohnert Park, California.  It has been in the building since 2010 and the transaction was a sale-leaseback.

About Marcus & Millichap (NYSE: MMI)
With over 1,300 investment professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 6,600 transactions in 2013 with a value of approximately $24 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.

West Coast Commercial Real Estate News