OAKLAND, 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 2827 Harrison Street, a two-unit apartment property located in Oakland, California, according to Jeffrey M. Mishkin, Regional Manager of the firm’s Oakland office. The asset sold for $545,000.
Ken McMillen, 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. The buyer, a private investor, was secured and represented by David Wolfe, First Vice President Investments in Marcus & Millichap’s Oakland office.
The subject property consists of one three-bedroom/one-bath unit and one three-bedroom/one-and-one-half bath unit, totaling 2,677 rentable square feet. Constructed in 1909, the duplex features hardwood floors, tiled kitchens and laundry hookups in all units. The 3,640-square foot lot includes a private yard in the rear of the property, a garage and three surface parking spaces. 2827 Harrison Street is located a few blocks from Grand Avenue and Lake Merritt, with easy access to Interstate 580.
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
