Press Releases
Marcus & Millichap Arranges $7.03 Million Sale of Retail Center in San Jose, California
September 25, 2026
SAN JOSE, Calif., Sept. 25, 2026 – 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 Capital Commercial Center, a 14,479-square-foot retail center located at 175 S. Capitol Ave. in San Jose, California. The property sold for $7.03 million, or $485.19 per square foot.
“We received multiple offers within the first two weeks of bringing the property to market, demonstrating demand for well-located, fully occupied retail properties in the Bay Area,” said Steve Sauter, senior managing director investments. “With 100 percent occupancy, an established tenant base and attractive rent increases built into the leases, the property provides the buyer with in-place cash flow and the opportunity for continued income growth.”
Sauter, in Marcus & Millichap’s Palo Alto office, had the exclusive listing to market the property on behalf of the seller, a partnership. Bryan DiMesio and Scott Ferguson, investment specialists also in the firm’s Palo Alto office, represented the buyer, a California-based limited liability company.
Built in 1988, the 14,479-square-foot retail center is situated on a 1.11-acre parcel and is fully leased to nine tenants under triple-net leases. The center has an established tenant base, with an average occupancy tenure of more than 11 years. The property features frontage along South Capitol Avenue and is located near the Alum Rock Transit Center, which provides access to VTA light rail and bus service. The buyer plans to maintain the property and benefit from contractual rent increases.
“We received multiple offers within the first two weeks of bringing the property to market, demonstrating demand for well-located, fully occupied retail properties in the Bay Area,” said Steve Sauter, senior managing director investments. “With 100 percent occupancy, an established tenant base and attractive rent increases built into the leases, the property provides the buyer with in-place cash flow and the opportunity for continued income growth.”
Sauter, in Marcus & Millichap’s Palo Alto office, had the exclusive listing to market the property on behalf of the seller, a partnership. Bryan DiMesio and Scott Ferguson, investment specialists also in the firm’s Palo Alto office, represented the buyer, a California-based limited liability company.
Built in 1988, the 14,479-square-foot retail center is situated on a 1.11-acre parcel and is fully leased to nine tenants under triple-net leases. The center has an established tenant base, with an average occupancy tenure of more than 11 years. The property features frontage along South Capitol Avenue and is located near the Alum Rock Transit Center, which provides access to VTA light rail and bus service. The buyer plans to maintain the property and benefit from contractual rent increases.
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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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
