Marcus & Millichap Brokers $16.5M Sale Of 52-Unit Park Tower Townhomes In Castro Valley

The asset involved in this transaction is a multifamily property located at 20353 Park Way in Castro Valley. The sale price of the property was $16,500,000, encompassing a total of 52 residential units, which equates to a price per unit of $317,308.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $16,500,000
• Units: 52
• Price per Unit: $317,308
• Address: 20353 Park Way
• Market: Castro Valley
• Mortgage Broker: Chad O’Connor - Marcus & Millichap Capital Corporation

The transaction was brokered by Adam Levin, Robert Johnston, and Jessica Tomasetti of Marcus & Millichap. This team facilitated the acquisition financing, arranging $10.8 million to support the purchase of the property.