Marcus & Millichap Arranges The Sale of a Two-Unit Apartment Building

Berkeley, Marcus & Millichap, East Bay, Bay AreaBERKELEY, CA, October 11, 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 a two-unit apartment property located in Berkeley, CA, according to Jeffrey M. Mishkin, regional manager of the firm’s San Francisco office. The asset sold for $1,250,000.

The buyer, a private investor, was secured and represented by Daniel Maldonado and Jon Holmquist, investment specialists in Marcus & Millichap’s San Francisco office.

The subject property was well located at 2240 Grant Street in Berkeley, CA just four blocks from the Berkeley BART station. The property presented the ideal opportunity for an owner/user with large two-bedroom/one-bath units of over 1,400 square feet and many recent upgrades.

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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