Marcus & Millichap Arranges Sale of 5-Unit Apartment Building in Fairfield, CA for $750,000

image009FAIRFIELD, CA, August 18, 2016 – 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 1924 Manor Place, a five-unit apartment property located in Fairfield, California, according to Kent R. Williams, Regional Manager of the firm’s Oakland office. The asset sold for $750,000.

Erik Tollefsen, an investment specialist in Marcus & Millichap’s Oakland office, had the exclusive listing to market the property on behalf of the seller, a private investor.

The subject property consists of all two-bedroom/one-and-one-half bath townhouse units of approximately 1,200 square feet. Each unit features central air, heat and laundry hookups. Constructed in 1985, the two buildings are situated on one parcel. The 0.38-acre lot also contains 10 parking spaces, five covered and five uncovered. Located one block from Tabor Park, 1924 Manor Place is within walking distance to Grange Middle School and Cleo Gordon Elementary School. Interstate 80 and Highway 12 are also a short distance away.

About Marcus & Millichap (NYSE: MMI)
With over 1,600 investment sales and financing 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 8,700 transactions in 2015 with a value of approximately $37.8 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

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