Campbell, Calif., – Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Michi Sushi, a 2,400 square-foot retail property located in Campbell, Calif., according to Steven J. Seligman, regional manager of the firm’s Palo Alto office. The asset sold for $1,370,000.
J.J. Taughinbaugh and Anh Stovall, investment specialists in Marcus & Millichap’s Palo Alto office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust that has owned the property for over 80 years. The buyer, an individual/personal trust, was secured and represented by Anh Stovall, J.J. Taughinbaugh and Yuri Sergunin, investment specialists in Marcus & Millichap’s Palo Alto office.
Michi Sushi is located at 2220 Winchester Boulevard in Campbell. The property was recently renovated in 2008 and the tenant has been a Silicon Valley favorite for over 35 years; catering to clients such as: Ebay, Netflix, PayPal and co-hosting fashion events with Donald J. Pliner.
About Marcus & Millichap
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