MILL VALLEY – February 2014 – NAI Northern California is proud to announce the sale of a 12-unit multifamily apartment complex in Mill Valley, CA. This is the latest in a string of high-quality transactions in the North Bay Multi-family market.
NAI was retained as exclusive representation for the Seller in the transaction and represented the Buyer as well. The property presented a unique opportunity due to low inventory in Southern Marin, high rental upside, amenities and an ideal San Francisco Bay Area location.
According to Joby Tapia who handled the transaction, “this quiet neighborhood in Mill Valley hasn’t seen this type of opportunity in decades. With planned renovations, this property should outperform neighboring properties.”
Firm President James Kilpatrick added, “This is a great example of how technology and expertise are both essential for the best outcome. Our Salesforce platform accessed serious Buyers outside of conventional parties. Joby’s years of expertise made sure a premium price was paid, and that the process and risks were well managed”.
Joby is an executive with 15 years of experience managing commercial and multifamily assets, including market rate and rent-controlled properties, for both private and institutional owners in the Northern California.
About NAI Northern California
Named a Top Commercial Real Estate Brokerage Firm by the East Bay and San Francisco Business Times, NAI Northern California’s three SF Bay Area offices are growing rapidly and benefit from 385 NAI offices worldwide. NAI Global is the largest managed network in the world and continues to be a top 5 worldwide Brand and operation as recognized by the most recent Lipsey Survey.