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Palo Alto, California

Palo Alto Office

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2626 Hanover Street,
Palo Alto, CA 94304
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Phone: (650) 391-1700
Fax: (650) 391-1710

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Connect With Our Team

In 1971, Marcus & Millichap was founded on a unique set of principles to maximize value for real estate investors and, in the process, revolutionized the brokerage industry.

Steven Seligman

Steven Seligman

First Vice President/Regional Manager
View Palo Alto agents & originators

The Palo Alto Office

The Palo Alto office of Marcus & Millichap provides real estate investment sales, research information and advisory services for multifamily, retail, office, single-tenant net-lease, self-storage, seniors housing, manufactured homes, hospitality, land and special assets. Palo Alto agents leverage the firm’s national marketing platform to provide real estate investors with access to the industry’s largest inventory of deliverable commercial property as well as to the largest pool of qualified private and institutional buyers and sellers. Investment specialists conduct business within Palo Alto and the surrounding Bay Area.

CURRENT NORTHERN CALIFORNIA LISTINGS

Your Property Search Starts Here

Finding the right investment opportunity is easy when choosing from the industry’s largest, most diverse collection of exclusive commercial real estate listings. Start your search now.

Retail

5465 Snell Ave

San Jose, CA

Price/Gross SF: $1,136.86

Cap Rate: 4.73%

Listing Price: $5,200,000

Apartments

218-222 Willow St

San Jose, CA

Number of Units: 1

Cap Rate: 4.90%

Listing Price: $4,500,000

Apartments

Creekside Apartments

Grass Valley, CA

Number of Units: 19

Cap Rate: 3.72%

Listing Price: $3,500,000

Apartments

2040 Francisco Blvd

Pacifica, CA

Number of Units: 13

Cap Rate: 5.69%

Listing Price: $5,500,000

Net Lease

Mattress Firm

Los Banos, CA

Years Remaining On Lease: 5.5

Cap Rate: 5.50%

Listing Price: $3,320,000

Apartments

Alpine Apartments

Yuba City, CA

Number of Units: 20

Cap Rate: 5.75%

Listing Price: $2,200,000

Apartments

536 Forbes Ave

Yuba City, CA

Number of Units: 6

Cap Rate: 5.94%

Listing Price: $650,000

Apartments

600 51st St

Oakland, CA

Number of Units: 11

Cap Rate: 0.23%

Listing Price: $2,995,000

Hospitality/Golf

Holiday Inn Express Morgan Hill Development

Morgan Hill, CA

Price/Room: $43,103

Cap Rate: 9.01%

Listing Price: $5,000,000

Retail

Hanford Mall with Sears and JCPenney Anchors

Hanford, CA

Price/Gross SF: $90.05

Cap Rate: 10.00%

Listing Price: $27,613,802

Apartments

175 Alexander Ave

San Jose, CA

Number of Units: 4

Cap Rate: 3.01%

Listing Price: $1,999,995

Apartments

Ambassador Gardens

Sacramento, CA

Number of Units: 14

Cap Rate: 3.09%

Listing Price: $4,109,000

Office

1222 Arroyo Ave

San Carlos, CA

Price/Gross SF: $850.14

Listing Price: $1,475,000

Apartments

The Parkview

Santa Clara, CA

Number of Units: 27

Cap Rate: 4.11%

Listing Price: $11,200,000

Net Lease

209 East Middlefield Rd

Mountain View, CA

Years Remaining On Lease: 2.9

Listing Price: Request For Offer

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Properties

RECENT NORTHERN CALIFORNIA RESEARCH

Essential Market Insights

Marcus & Millichap’s research services division is dedicated to providing our clients with cutting-edge market research and innovative insights. Browse our recent reports and videos focused on your areas of interest.

Health crisis July 6

Research Video

Is the U.S. Housing Shortage Poised to Get Worse?

July 26, 2021

mm multifamily

Special Report

Multifamily Midyear Outlook

Midyear 2021

mm hospitality

Special Report

Hospitality Midyear Outlook

Midyear 2021

mm industrial

Special Report

Industrial Midyear Outlook

Midyear 2021

mm office

Special Report

Office Midyear Outlook

Midyear 2021

mm retail

Special Report

Retail Midyear Outlook

Midyear 2021

Retail

Research Brief

Retail Sales

Rising Prices Fuel Increase in Retail Sales in June

Health crisis July 6

Research Video

Is Rising Inflation a Growing Concern for Real Estate?

July 19, 2021

Health crisis June 1

Research Video

Deal Maker Live Presentation: U.S. Multifamily Outlook

July 16, 2021

Will distressed

Research Video

Return to Office Could Have Major Impact on Real Estate

July 12, 2021

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Special Report

Seniors Housing Midyear Outlook

Midyear 2021

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Special Report

Skilled Nursing Midyear Outlook

Midyear 2021

Three ways

Research Video

Will a Summer Travel Surge Bolster CRE Performance?

July 6, 2021

Employment

Research Brief

Employment

Job Creation Speeds Up in June, Some Hurdles Yet to Be Cleared

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Special Report

Global Capital Outlook

Midyear 2021

Keep Exploring

Research

RECENT NEWS & EVENTS

The Latest News Impacting Your Investment

Stay informed with the news and events impacting your investment strategy.

GlobeSt.com

Media

CRE Transactions Reach Pre-Pandemic Levels In Q2

The hot industrial and apartment sectors posted the strongest second quarter on record for sales across all deal structures.

July 26, 2021

CSSA 16th Annual Self Storage Owners Summit
Industry Events

CSSA 16th Annual Self Storage Owners Summit

Balboa Bay Resort, Newport Beach, CA
July 29, 2021
Connect Media 2019 Logo

Media

2021 Top Mortgage Brokers and Lenders

Michael Derk has more than 10 years of commercial real estate finance experience and has closed more than $1 billion in transactions.

July 23, 2021

Marcus & Millichap

Press Releases

Marcus & Millichap Arranges Sale Of 13-Unit Apartment Building

Marcus & Millichap announced the sale of 411 Euclid, a 13-unit apartment property located in Oakland, CA.

July 19, 2021

MediaAppearance7.21

Video

Fox Business: Can CRE Resurgence Last?

Marcus & Millichap’s President and CEO Hessam Nadji joins Steve Forbes and Shana Sissel on Fox Business: What Post-pandemic Resurgence, Hybrid Work Models Mean for the Future of CRE

July 19, 2021

ReBusiness Online

Media

‘Power Panel’ at InterFace Event Provides Positive Outlook for Student Housing Sector Post-COVID-19

‘Power Panel’ at InterFace Event Provides Positive Outlook for Student Housing Sector Post-COVID-19

July 15, 2021

New York Times

Media

New York Times: New Tax Proposals Take Aim at 1031 Exchange Transactions

The New York Times Features Marcus & Millichap’s President and CEO Hessam Nadji New Tax Proposals Take Aim at 1031 Exchange Transactions

July 15, 2021

Marcus & Millichap

Press Releases

Marcus & Millichap Arranges San Francisco Multifamily Portfolio Sale

Marcus & Millichap announced today the sale of a three-property multifamily portfolio located in the Haight Ashbury and Ashbury Heights neighborhoods of San Francisco

July 14, 2021

GlobeSt.com

Media

Here’s What All That WFH Uncertainty Means For Retail and Housing

Even a partial return to the office could revive demand for retail in the urban core.

July 14, 2021

GlobeSt.com

Media

Honoring Net Lease Professionals

GlobeSt.com and GlobeSt. Real Estate Forum are pleased to reveal the 2021 selection for Influencers in Net Lease.

July 08, 2021

GlobeSt.com

Media

New Demand Could Offset Drag from Hybrid Work

Marcus & Millichap CEO Hessam Nadji told CNBC hybrid work is sustainable, but as the economy reconfigures demand will increase for new space.

July 07, 2021

GlobeSt.com

Media

Summer Travel Boom Helps Drive Record Household Formation

Household formation is forecast to reach 2.1 million in 2022—the highest level on record.

July 08, 2021

CNBC Interview 7.21

Video

CNBC News: Real Estate Resilience Fuels Growth in Post-Pandemic Rejuvenation

CNBC News Features Marcus & Millichap’s President and CEO Hessam Nadji Real Estate Resilience Fuels Growth in Post-Pandemic Rejuvenation

July 06, 2021

GlobeSt.com

Media

Medical Office Draws More Investors Post Pandemic

The rise in population aged 65 and older and a rise in elective procedures and routine appointments could increase the number of buyers of sub-$10 million on- and off-campus assets this year.

July 06, 2021

GlobeSt.com

Media

Hospitality Portfolio Trades for $225M With Eye on Conversion

Lockwood Development Partners bought a nine-asset portfolio with plans for repositioning them into affordable housing.

July 06, 2021

Keep Exploring

News & Events