Media

Office and Multifamily Pair for a Successful 1031 Exchange

September 20, 2019

MOUNTAIN VIEW, CA—In a recent transaction, two of the most popular property types in the region, a newly renovated office in Redwood City and a multifamily community in Mountain View, sold for a total transaction volume of $28.6 million. Representing a single client as the buyer in the Redwood City office transaction and as the seller in the Mountain View sale—the transaction was part of a successful 1031 exchange directed by executive managing director Adam Levin and senior managing director Robert Johnston of Marcus & Millichap.

“With this exchange, we were able to both secure a competitive price for the multifamily asset, as well as help diversify our client’s portfolio by identifying a high-yielding office building in the desirable Redwood City market, which will create long-term wealth and stability for years to come,” explains Levin.

Read the Full Article
MM Texture Background