Marcus & Millichap Arranges the Sale of a 6,616-Square Foot Office Building

SAUSALITO, CA, October 20, 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 6,616-square foot office property located in Sausalito, CA, according to Jeffrey M. Mishkin, regional manager of the firm’s San Francisco office. The asset sold for $4,100,000.

image004Erich Reichenbach and Marshall Ward, investment specialists in Marcus & Millichap’s San Francisco office, had the exclusive listing to market the property on behalf of the seller, a private investor.

The property is located at 1050 Bridgeway in Sausalito, CA. The subject property presents an extremely attractive opportunity to acquire a trophy quality asset in the highly coveted market of Sausalito.

Sausalito is a beautiful waterfront community located on the southern tip of Marin County, just across the Golden Gate Bridge from San Francisco. This is a colorful waterfront town that reminds many of a European fishing village. Sausalito provides world-class hotels and restaurants and a diverse selection of shopping, including art galleries and retail fashion. Regular ferry service from San Francisco makes the town easily accessible for both commuters and tourists. The property was constructed in 1959.

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

West Coast Commercial Real Estate News