SANTA CLARA, CA, April 13, 2015 – 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 high profile Old Mission Center at 1601 Civic Center Drive, a 30,000-square foot office property located in Santa Clara, CA, according to Steven J. Seligman, regional manager of the firm’s Palo Alto office. This multi-tenant trophy office asset sold for $7,000,000.
J.J. Taughinbaugh and Yuri Sergunin, investment specialists in Marcus & Millichap’s Palo Alto office, facilitated the sale transaction.
Old Mission Center is centrally located in a heart of Silicon Valley, off El Camino Real, minutes away from newly built Santa Clara Town Centre and other well-known establishments. Silicon Valley Power, municipal electric utility owned and operated by the City of Santa Clara, is a major tenant in the property.
About Marcus & Millichap (NYSE: MMI)
With nearly 1,500 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 7,600 transactions in 2014 with a value of approximately $33.1 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