Marcus & Millichap Sells A Five-Unit Apartment Building

SAN FRANCISCO, CA, September 18, 2012 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of a five-unit apartment property located in San Francisco, CA, according to Jeffrey M. Mishkin, FVP/Regional Manager of the firm’s San Francisco office. The asset commanded a sales price of $1,250,000.

The buyer, a private investor, was secured and represented by John Antonini, an investment specialist in Marcus & Millichap’s San Francisco office.

The property is located at 1720-1724 Mission Street. The unit-mix consists of four, one-bedroom/one-bath and one, three-bedroom/one-bath units. The property was constructed in 1909.

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 5,085 transactions in 2011, 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