Marcus & Millichap Arranges the Sale of a 9,570 Square-Foot Office Building

MOUNTAIN VIEW, Marcus & Millichap, commercial real estate news, Palo Alto

MOUNTAIN VIEW, Calif., July 1, 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 Wong’s International, a 9,570 square-foot office property located in Mountain View, Calif., according to Steven J. Seligman, regional manager of the firm’s Palo Alto office. The asset sold for $3,015,000.

image007[1]Chris Hansen and Brian Thorn, investment specialists in Marcus & Millichap’s Palo Alto office, had the exclusive listing to market the property on behalf of the seller, a corporation.

Wong’s International is located at 891 West Maude Avenue in Mountain View, California.  The property was vacant at the time of sale.   It was set up as approximately 45% office space and 55% Research and Development space.  The property was sold to a local owner user who will retain the existing building and modify it for their use.

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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