Marcus & Millichap Arranges The Sale Of A 27-Unit Apartment Building

San Lorenzo (Hayward), CA, – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of 280 Flint Court, a 27-unit apartment property located in Hayward, California, according to Jeffrey M. Mishkin, Regional Manager of the firm’s Oakland office. The asset sold for $3,825,000.

David Weglarz, Senior Associate in Marcus & Millichap’s Oakland office, secured and represented the buyer, a limited liability company.

The two-story subject property consists of one non-conforming one-bedroom/one-bath unit and 26 two-bedroom/two-bath units, totaling 20,488 rentable square feet. The lower units have a fenced-in patio area and the upper units have balconies. Constructed in 1990, the three separate buildings are situated on one parcel. The 50,500-square foot lot also features a coin-operated laundry room and 53 parking spaces. Located just off of Interstate 880, 280 Flint Court is close to the Hayward Executive Airport, Hayward BART Station and Skywest Golf Course.

About Marcus & Millichap
With more than 1,000 investment professionals in offices nationwide, Marcus & Millichap Real Estate Investment Services is the largest firm specializing in commercial real estate investment services in the nation. Marcus & Millichap closed 6,149 transactions in 2012, the highest of any commercial real estate brokerage firm. Founded in 1971, the firm has perfected a powerful system for marketing properties that combines product specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology and relationships with the largest pool of qualified investors nationally.

West Coast Commercial Real Estate News