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

Property Image
SOLD
$16,500,000
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 & Apartments In Castro Valley

20353 Park Way

See Similar Deals
MultiFamily
Sold
Robert Johnston
Adam Levin
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

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:

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.

Players

Adam Levin
23 deals$441.3M volume(650) 391-1782
BROKER

Robert Johnston
Marcus & Millichap
20 deals$358.2M volume
BROKER

Chad O’Connor
Marcus & Millichap
27 deals$267.3M volume
BROKER

Jessica Tomasetti
Marcus & Millichap
2 deals$33M volume(650) 391-1829
BROKER

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 - Marcus & Millichap Capital Corporation (@MMCapCorp) SALE PRICE: $16,500,000 UNITS: 52 ~ PPU: $317,308 NOTE: Marcus & Millichap brokered the $16.5 million sale of Park Tower Townhomes & Apartments, a 52-unit property in Castro Valley, and arranged $10.8 million in acquisition financing. Adam Levin, Robert Johnston and Jessica Tomasetti handled the sale, while Chad O’Connor of MMCC secured the loan with a national bank.

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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