Meridian Commercial Closes $3MM in Commercial Property Sales

Meridian Commercial, San Rafael, San Francisco, Bay Area, Mill Valley, San Pablo

Meridian Commercial, San Rafael, San Francisco, Bay Area, Mill Valley, San Pablo

San Rafael, CA (May 9, 2017) – Meridian Commercial President Matt Brown announced today that Samuel Ko with his firm has completed two commercial property sales totaling $3 million in consideration.

In Mill Valley, Ko represented the seller, Frank Joseph Smith, in the disposition of a commercial building that for more than 15 years has been operating as a spa, plus a one-bedroom, one-bathroom home. Located at 154 and 158 Almonte Blvd., the two adjoining properties traded for $1.65 million. The buyer was Nanrob Properties LP. The approximate 2,000-square-foot spa has private outdoor hot tubs, massage and relaxation areas.

In San Pablo, Ko represented a private buyer in the acquisition of an eight-unit apartment building at 2114 Bush Street. The two-story building sold for $1.35 million and the seller was Faustina Pedroza. All but one of the apartments has two bedrooms and one bathroom; one unit has three bedrooms and one bathroom.

About Meridian Commercial
Meridian Commercial is a locally owned real estate services firm dedicated to strengthening the economy through encouraging and advocating transactions that work for all parties. Located in San Rafael, California, Meridian Commercial real estate advisory serves clients in the leasing and sales of light industrial, office and retail properties in Marin and Sonoma Counties.

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