Marcus & Millichap Sells A 20-Unit Apartment Building

Hayward, CA, – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Manon Garden Apartments, a 20-unit apartment property located in Hayward, California, according to Jeffrey M. Mishkin, First Vice President/Regional Manager of the firm’s Oakland office. The asset commanded a sales price of $2,650,000.

image007David Weglarz, an investment specialist in Marcus & Millichap’s Oakland office, represented the seller, a limited liability company.

Manon Garden Apartments is located at 27435 Manon Avenue on a 40,786-square foot lot. The two-story building consists of all two-bedroom/two-bath de-controlled units of approximately 880 square feet, totaling 17,640 rentable square feet. Constructed in 1964 of stucco wood exterior, 27435 Manon Avenue is situated within several blocks of Tyrell Elementary School, Cesar Chavez Middle School and Tennyson High School. Tennyson Road and Mission Boulevard are located nearby, and the South Hayward BART Station is only one mile away. In addition, the property provides quick access to Interstate 880.

About Marcus & Millichap
With more than 1,000 investment professionals in offices nationwide, Marcus & Millichap Real Estate Investment Services is the largest firm specializing in commercial real estate investment services in the nation. Marcus & Millichap closed 6,149 transactions in 2012, the highest of any commercial real estate brokerage firm. Founded in 1971, the firm has perfected a powerful system for marketing properties that combines product specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology and relationships with the largest pool of qualified investors nationally.

West Coast Commercial Real Estate News