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

Property Image
SOLD
$16,500,000
Chad O’Connor
Robert Johnston
Adam Levin
+ 1

California

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MultiFamily
Sold
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Property Image
SOLD

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

20353 Park Way

See Similar Deals
MultiFamily
Sold
Chad O’Connor
Robert Johnston
Adam Levin
+ 1
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

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.

Players

Adam Levin
Marcus & Millichap
Adam Levin
23 deals$441.3M volume(650) 391-1782
BROKER
Robert Johnston
Marcus & Millichap
Robert Johnston
20 deals$358.2M volume
BROKER
Chad O’Connor
Marcus & Millichap
Chad O’Connor
27 deals$267.3M volume
BROKER
Jessica Tomasetti
Marcus & Millichap
Jessica Tomasetti
2 deals$33M volume(650) 391-1829
BROKER
Marcus & Millichap
Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: Adam Levin, Robert Johnston, Jessica Tomasetti & Chad O’Connor DATE: 09/25/2025 ADDRESS: 20353 Park Way MARKET: Castro Valley ASSET TYPE: Multifamily BROKERS: Adam Levin (@Levin.Adam), Robert Johnston & Jessica Tomasetti (@Jessica.Tomasetti) - Marcus & Millichap (@MarcusMillichapInc) MORTGAGE BROKER: Chad O’Connor (@ChadOConnor5) - Marcus & Millichap Capital Corporation (@MMCapCorp) SALE PRICE: $16,500,000 UNITS: 52 ~ PPU: $317,308 NOTE: Marcus & Millichap brokered the $16.5M sale of the 52-unit Park Tower Townhomes & Apartments in Castro Valley and arranged $10.8M in acquisition financing. ’Connor

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$880,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$58,621.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$78,218.42
Annual Debt Service$938,621.01