Marcus & Millichap Arranges the Sale of 614-632 S. Bancroft Street, a 12-Unit Apartment Building in San Diego, California

SAN DIEGO, June 28, 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 614-632 S. Bancroft Street, a 12-unit apartment property located in San Diego, California. The asset sold for $3,550,000.

Graeme Henderson and Wyatt Darien investment specialists with Zorbas | Huffman | & Partners in Marcus & Millichap's San Diego Del Mar office, had the exclusive listing to market the property on behalf of the seller, 614 Bancroft Street LLC. Kenneth Herceq with WHS Properties represented the buyer, Janoyan Living Trust.

614-632 S. Bancroft Street is located in the Logan Heights neighborhood of San Diego, California. The property is comprised of 1 one-bedroom/one-bathroom and 11 two-bedroom/one-bathroom floorplans. The property has undergone a partial renovation program and the new owner plans on continuing interior and exterior enhancements.

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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.