Press Releases
Marcus & Millichap Facilitates the Sale of a 1,165-SF Medical Office Building in San Jose, California
December 11, 2024
SAN JOSE, Calif., December 11, 2024 – 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 1058 Lincoln Avenue, a 1,165-square-foot medical office property located in San Jose, California. The asset sold for $1,400,000.
“This property is a well-maintained medical office situated in the prime Willow Glen area, offering convenient access to Highways 87 and 280, along with ample parking. Properties like this are rare and present outstanding opportunities for owner-users,” shared Yuri Sergunin, senior vice president investments in Marcus & Millichap’s Palo Alto office. Sergunin and J.J. Taughinbaugh, senior vice president investments in the firm’s Palo Alto office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust. The buyer was procured by Alexandra Stein with Richie Commercial. It was purchased by an owner-user utilizing SBA financing.
Built in 1929, the property located at 1058 Lincoln Avenue spans 1,165-square-feet and sits on a 7,405-square-foot parcel.
“This property is a well-maintained medical office situated in the prime Willow Glen area, offering convenient access to Highways 87 and 280, along with ample parking. Properties like this are rare and present outstanding opportunities for owner-users,” shared Yuri Sergunin, senior vice president investments in Marcus & Millichap’s Palo Alto office. Sergunin and J.J. Taughinbaugh, senior vice president investments in the firm’s Palo Alto office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust. The buyer was procured by Alexandra Stein with Richie Commercial. It was purchased by an owner-user utilizing SBA financing.
Built in 1929, the property located at 1058 Lincoln Avenue spans 1,165-square-feet and sits on a 7,405-square-foot parcel.
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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, 2024, the company had 1,712 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 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
