Press Releases
Marcus & Millichap Facilitates $10.65M Sale of 34-Unit Assisted Living Property in Bay Area, California
September 03, 2026
BAY AREA, Calif., Sept. 3, 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 a 34-unit assisted living property with more than 50 beds in Bay Area, California. The property sold for $10.65 million, or $313,235 per unit.
"Investor demand for well-located senior housing communities continues to strengthen as the sector benefits from favorable demographic trends and limited new development," said Nick Stahler, managing director investments. "This transaction generated multiple competitive offers, with buyers placing a premium on stabilized assets in highly affluent submarkets. In today's ever-evolving market, facilities with established operations in supply-constrained markets remain especially attractive as rates continue to grow, occupancy recovers and long-term demand increases."
Stahler, in Marcus & Millichap's Orange County office, had the exclusive listing to market the property on behalf of the seller, a regional owner-operator, and procured the buyer, also a regional owner-operator.
Nearby amenities include Zuckerberg San Francisco General Hospital, Seton Medical Center, Mission Plaza Shopping Center and San Bruno Mountain State and County Park. The property also provides convenient access to major Bay Area transportation corridors.
"Investor demand for well-located senior housing communities continues to strengthen as the sector benefits from favorable demographic trends and limited new development," said Nick Stahler, managing director investments. "This transaction generated multiple competitive offers, with buyers placing a premium on stabilized assets in highly affluent submarkets. In today's ever-evolving market, facilities with established operations in supply-constrained markets remain especially attractive as rates continue to grow, occupancy recovers and long-term demand increases."
Stahler, in Marcus & Millichap's Orange County office, had the exclusive listing to market the property on behalf of the seller, a regional owner-operator, and procured the buyer, also a regional owner-operator.
Nearby amenities include Zuckerberg San Francisco General Hospital, Seton Medical Center, Mission Plaza Shopping Center and San Bruno Mountain State and County Park. The property also provides convenient access to major Bay Area transportation corridors.
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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.
