The transaction involved two multifamily properties located at 1725 Wright Avenue and 4444 Hansen Avenue in the Mountain View and Fremont markets. The properties collectively include 186 units, with a price per unit of $300,000. The total sale price was $55,800,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $55,800,000
• Units: 186
• Price per Unit: $300,000

The deal was facilitated by the brokers Robert Johnston, Adam Levin, and Adam Richardson from Marcus & Millichap, underscoring their role in executing the $55.8 million 1031 exchange involving the $22.8 million sale of Villa De Wright and the $33 million acquisition of Metro Fremont. This strategic transition allowed the seller to exit the Mountain View rent control market.