Press Releases
Marcus & Millichap Facilitates the Sale of a 12-Unit Multifamily Property in Yuba City, California
March 08, 2024
YUBA CITY, Calif., March 8, 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 White Front Apartments, a 12-unit apartment property located in Yuba City, California. The asset sold for $1,440,000.
“The building had been owned by the same family for over 15 years. The property was in average condition and the buyer plans to renovate every unit. The sale represents how strong the Yuba-Sutter market sentiment is and the strength of Northern California more broadly,” said Tony DeLoney senior managing director investments in Marcus & Millichap’s Sacramento office. Tony and David DeLoney, first vice president investments in the firm’s Sacramento office, had the exclusive listing to market the property on behalf of the seller. The site generated multiple competing offers before a private investor, procured by Tony DeLoney and David DeLoney, completed the purchase.
Built in 1970, White Front Apartments is located at 1165 B Street in Yuba City, California. The property has four one-bedroom/one bath, eight two-bedroom/one-bath apartments, and is at 91 percent occupancy.
“The building had been owned by the same family for over 15 years. The property was in average condition and the buyer plans to renovate every unit. The sale represents how strong the Yuba-Sutter market sentiment is and the strength of Northern California more broadly,” said Tony DeLoney senior managing director investments in Marcus & Millichap’s Sacramento office. Tony and David DeLoney, first vice president investments in the firm’s Sacramento office, had the exclusive listing to market the property on behalf of the seller. The site generated multiple competing offers before a private investor, procured by Tony DeLoney and David DeLoney, completed the purchase.
Built in 1970, White Front Apartments is located at 1165 B Street in Yuba City, California. The property has four one-bedroom/one bath, eight two-bedroom/one-bath apartments, and is at 91 percent occupancy.
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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.
