Marcus & Millichap Arranges Sale of 6,500-Square Foot Retail Building in Hayward, CA., For $1.05 Million

Marcus & Millichap, Hayward, Commercial Real Estate News, Oakland, Bay Area

HAYWARD, CA, August 20, 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 Meekland Strip Center, a 6,500-square foot retail property located in Hayward, California, according to Jeffrey M. Mishkin, Regional Manager of the firm’s Oakland office. The asset sold for $1,050,000.

image004Howard M. Thomas, an investment specialist in Marcus & Millichap’s Oakland office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust.

Meekland Strip Center is located at 20008 Meekland Avenue at the corner of Blossom Way on a 0.19-acre lot. Constructed in 1951, the subject property was extensively renovated after a fire in 2013. The renovations included all new interiors, electrical panels and HVAC. The property, which is anchored by a convenience store, was 100 percent occupied at the time of sale. With its location just a few minutes off of Interstate 880, 20008 Meekland Avenue provides quick and easy access to the remainder of the Bay Area.

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

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