Marcus & Millichap Arranges the Sale of a Four-Unit Apartment Building in Los Gatos, California

LOS GATOS, Calif. July 8, 2024 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Fairview Plaza, a four-unit apartment property located in Los Gatos, California. The asset sold for $2,100,000, totaling $525,000 per unit.

"The property was aggressively marketed resulting in multiple offers" shared Michael Henshaw, Senior Managing Director Investments in Marcus & Millichap's Palo Alto office, "This premier location with magnificent curb appeal is a very desirable part of Los Gatos-Los Gatos School District ." Henshaw had the exclusive listing to market the property on behalf of the seller, a developer.

Fairview Plaza is located at 95 Fairview Plaza in Los Gatos, California. Built in 1892, this well located 0.19-acres four plex with 2,689 rentable square-feet, is adjacent to a small park providing the tenants with peace and tranquility as well as quick access to Downtown Los Gatos and Silicon Valley.

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About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.