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Marcus & Millichap Negotiates the Sale of a 1,421-SF Office Building in San Diego

November 22, 2022

SAN DIEGO, November 22, 2022 – 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 the Ocean Beach Office, a 1,421-square-foot office property located in San Diego, California. The asset sold for $1,455,000.

Nick Totah, senior vice president, and Ross Sanchez, senior associate with The Totah Group in Marcus & Millichap’s San Diego Downtown office, had the exclusive listing to market the property on behalf of the seller, Marc N. Reis, DDS. The buyer was, KBL & SO Holdings, LLC, and was represented by Peter Sohn of Smart Vision Realty.

The asset is located at 4606 Voltaire Street in San Diego, California. This office property was built in 1953 in a Mid-Century design and was occupied by Mr. Reis’s dental practice for the last 43 years. The buyers will be occupying the property at closing and will operate their dental practice. The property is located on Voltaire Street, just off Sunset Cliffs Boulevard. at the crossroads between the coastal San Diego neighborhoods of Ocean Beach and Point Loma.

 

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About Marcus & Millichap (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, 2021, the company had 1,994 investment sales and financing professionals in 82 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 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.

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