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

The Park Tower Townhomes & Apartments is a multifamily property located at 20353 Park Way in Castro Valley, featuring 52 units and a sale price of $16,500,000. The price per unit (PPU) stands at $317,308, reflecting the property's market value.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $16,500,000
• Units: 52
• Price Per Unit: $317,308
• Brokers: Adam Levin, Robert Johnston & Jessica Tomasetti - Marcus & Millichap
• Mortgage Broker: Chad O’Connor - Marcus & Millichap Capital Corporation
• Acquisition Financing: $10.8 million

Adam Levin, Robert Johnston, and Jessica Tomasetti from Marcus & Millichap facilitated the sale of the property, while Chad O’Connor from Marcus & Millichap Capital Corporation arranged the acquisition financing through a national bank, contributing to the successful transaction.