Marcus & Millichap Arranges the Sale of a 4,320 SF Office Building

LOS ALTOS, Marcus & Millichap, Commercial Real Estate News, Palo Alto

LOS ALTOS, Calif., June 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 a 4,320 square foot office property located in Los Altos, Calif., according to Steven J. Seligman, regional manager of the firm’s Palo Alto office. The asset sold for $2,150,000.

image007The buyer, an individual/personal trust, was secured and represented by Bill Allen, an investment specialist in Marcus & Millichap’s Palo Alto office.

The property is located at 166 Main Street in downtown Los Altos and is a two-story commercial building ideally located near the center of downtown with access to a large city owned parking lot directly behind the building.

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