SAN FRANCISCO, CA, December 20, 2012– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of a seven-unit apartments 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 $2,100,000.
Dimitris Drolapas, an investment specialist in Marcus & Millichap’s San Francisco office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a limited liability company, was secured and represented by Dimitris Drolapas, an investment specialist in Marcus & Millichap’s San Francisco office.
The subject property (1545 Sacramento Street) is an attractive seven-unit building in the Nob Hill district of San Francisco. The units are spacious, well laid out four-room one-bedroom units, which make this property a very desirable place for potential tenants to live in. The property was constructed in 1916.
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.