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Marcus & Millichap Arranges the Sale of a Five-Unit Multifamily Property in Fullerton

May 08, 2024

FULLERTON, Calif., May 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 five-unit multifamily property located in Fullerton, California. The asset sold for $1,850,000.

“This deal was on the market for 36 days with a 16-day escrow period and a 10-day due diligence period,” said Tyler Leeson, executive managing director investments in Marcus & Millichap’s Orange County office. “The seller is a repeat client who sold the asset as-is and as an all-cash transaction.” Leeson, along with Matthew J. Kipp, first vice president investments in the firm’s Orange County office had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer was procured by Mona Bottros.

Constructed in 1992, this multifamily property is located at 124 West Truslow Avenue in Fullerton, California. It consists of a highly desirable mix of mostly two-bedroom floor plans, with two units featuring two-story townhome layouts. Each unit is equipped with a private patio or balcony and amenities include on-site laundry and ample garage and surface parking. With the convenience of being situated within minutes of Fullerton College, numerous parks, local shops, restaurants and bars throughout downtown Fullerton, this location is a major housing driver.

 

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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.

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