Marcus & Millichap Arranges Sale of 5,901-SF Net-Leased Building in Concord, CA for $3.35MM

Marcus & Millichap, Concord, Bay Area, San Francisco

Marcus & Millichap, Concord, Bay Area, San FranciscoCONCORD, CA, February 23, 2017 – 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 1353 Willow Pass Road, a 5,901-square foot net-leased property located in Concord, California, according to Kent R. Williams, Regional Manager of the firm’s Oakland office. The asset sold for $3,350,000.

David Ching, First Vice President Investments in Marcus & Millichap’s Oakland office, had the exclusive listing to market the property on behalf of the seller, a private investor.

Formerly a Sizzler restaurant, the subject property was delivered vacant at the close of escrow. The 5,901-square foot building was constructed in 1977 of concrete slab, wood framing, stucco exterior and a wood shake/BUR roof. The 0.98-acre corner lot also includes 70 parking spaces. Located between Interstate 680 and Highway 242, 1353 Willow Pass Road is close to Sunvalley Mall and Willows Shopping Center. The property benefits from many well-known tenants nearby, including BevMo, Hilton Concord, The Home Depot, Trader Joe’s, Sam’s Club and Hobby Lobby. In addition, there is almost 630,000 square feet of commercial space and 583 units planned or under construction within a one mile radius of the subject property.

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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