Press Releases
Marcus & Millichap Arranges the Sale of a 2.02-Acre Development Site Located in Santee, California
March 12, 2024
SANTEE, Calif., March 12, 2024 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a 2.02-acre development site located in Santee, California. The asset was sold for $1,100,000.
“This prime real estate parcel is zoned R-2, making it an ideal opportunity for residential development,” shared Aaron Bove, senior managing director investments in Marcus & Millichap’s San Diego Del Mar office. Bove had the exclusive listing to market the property on behalf of the seller, an individual. The buyer, a trust, was also procured by Bove.
The property is located at 8540 South Slope Street in Santee, California.
“This prime real estate parcel is zoned R-2, making it an ideal opportunity for residential development,” shared Aaron Bove, senior managing director investments in Marcus & Millichap’s San Diego Del Mar office. Bove had the exclusive listing to market the property on behalf of the seller, an individual. The buyer, a trust, was also procured by Bove.
The property is located at 8540 South Slope Street in Santee, California.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.
