Marcus & Millichap Brokers the Sale of an Eight-Unit Apartment Building in San Diego

SAN DIEGO, September 27, 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 2852 A Street, a eight-unit apartment property located in San Diego, California. The asset sold for $2,655,000.

Aziz Zakkout, first vice president investments in Marcus & Millichap's San Diego Del Mar office represented the buyer, Nicholas Totah, who plans on renovating the asset extensively in the coming months.

The asset is located at 2852 A Street in San Diego, California, adjacent to Golden Hill Community Park and Golf Course on the southeast corner of Balboa Park. Built in 1959, unit mix is comprised of five (5) one-bedroom/one-bath apartments, two (2) two-bedroom/one-bath apartments, and one (1) studio. One unit was delivered vacant at the time of closing and most units were on a month-to-month lease.

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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.