The Viking Apartments

  • Marcus & Millichap Arranges Trade of Viking Apartments in Peninsula at Above-Average Per-Unit Price

    A Peninsula multifamily property recently traded hands in a deal worth $10.8 million. Marcus & Millichap arranged the transaction for the Burlingame, CA asset at a per-unit rate of $308,571. The seller is a family that owned the property for around 50 years, while the buyer is another local family trust. Both parties were advised by representatives of Marcus & Millichap’s Palo Alto office, with associate Richard Reisman handling the seller’s end, and vice president investments, Adam Levin, working on behalf of the buyer.

    San Francisco 31 July 2014 04:37

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