Marcus & Millichap Arranges the Sale of an 8-Unit Apartment Building in Petaluma

PETALUMA, CA, December 10, 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 an 8-unit apartment property located at 200 Walnut Street in Petaluma, CA, according to Jeffrey M. Mishkin, regional manager of the firm’s San Francisco office. The asset sold for $1,375,000.

Brad Pennington and John Garrett, investment specialists in Marcus & Millichap’s San Francisco office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a private investor, was secured and represented by John Garrett and Brad Pennington, investment specialists in Marcus & Millichap’s San Francisco office.

200 Walnut Street in Petaluma, CA was built in 1964 and consists of five (2) bedroom apartments and three (1) bedroom apartments. The property is located just a few blocks west of Downtown Petaluma.

About Marcus & Millichap (NYSE: MMI)
With over 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