Marcus & Millichap Arranges the Sale of a Four-Unit Apartment

UNION CITY, San Francisco, Commercial Real Estate News, Marcus & Millichap

UNION CITY, CA, June 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 a four-unit apartment property located in Union City, CA, according to Jeffrey M. Mishkin, regional manager of the firm’s San Francisco office. The asset sold for $775,000.

image004Jon Holmquist, an investment specialist in Marcus & Millichap’s San Francisco office, had the exclusive listing to market the property on behalf of the seller, a private investor.

The subject property at 33862 14th Street in Union City, CA is located on a large 6,489-square foot lot with a total of 3,080 net rentable square feet. The property is configured with four, two-bedroom/one-bath units each of approximately 770 square feet. Unit interiors feature mostly original kitchen cabinets, linoleum kitchen floors, gas stoves, frost free refrigerators, carpeted living room and bedroom areas, gas wall heaters, bathrooms with sliding showed doors, pedestal sinks, and a mix of linoleum and tile bathrooms floors. The complex was construction circa 1965 per property records and is of wood frame with wood and stucco siding, parking to the side of the building, and a flat roof.

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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