ASM Properties Sells Multifamily Property In Silicon Valley For $49M With Brokers Ray Rodriguez & Tony Zizzo

Located at 678 Bellflower Ave in Silicon Valley, a multifamily property was recently sold. The transaction took place on 10/05/2021, with ASM Properties represented by Arthur Anderson as the seller. The sale was facilitated by brokers Ray Rodriguez (Ray_Rodriguez46) and Tony Zizzo from THE R&Z Group. The property consists of 93 units, with a sale price of $49,000,000. The price per unit is calculated at $526,881, and the total square footage is 177,684, resulting in a price per square foot of $275.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $49,000,000
• Address: 678 Bellflower Ave
• Market: Silicon Valley

The sale of this multifamily property highlights the involvement of key individuals and companies. Ray Rodriguez and Tony Zizzo, representing THE R&Z Group, were the brokers responsible for facilitating the transaction. Their efforts contributed to achieving a successful deal for ASM Properties and Arthur Anderson. The sale of this property reflects the thriving real estate market in Silicon Valley.