Colliers Facilitates $6.8M Sale Of 25-unit Multifamily Property In San Leandro

The multifamily property located at 16424 Foothill Ave in San Leandro has been sold for $6,800,000. The transaction took place on September 7, 2021. The property occupies an area of 1.16 acres and consists of 25 units. The price per unit (PPU) is $275,000, and the total square footage (SF) of the property is 21,526. The price per square foot (PPSF) is $315. The sale was facilitated by Rich Martini from Colliers International.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $6,800,000
• Address: 16424 Foothill Ave
• Market: San Leandro
• Number of Units: 25
• Acres: 1.16

Rich Martini from Colliers International represented the parties involved in this sale. Their expertise and negotiation skills played a crucial role in completing the transaction successfully.