Marcus & Millichap Brokers $55.8M Multifamily Sale In Mountain View And Fremont California

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.