Marcus & Millichap Inc., a prominent commercial real estate brokerage firm, has successfully closed the sale of Manteca Golf & Tennis Villas, a 56-unit multifamily property in Manteca, California. The property was sold for $15.6 million, equating to $278,571 per unit. Located in the economically expanding Central Valley, the area is experiencing significant job growth but faces a housing shortage. The property is strategically positioned near major highways and amenities, making it an attractive investment. The transaction was facilitated by Marcus & Millichap representatives Stephen Jackson and Joe Owens, with Levin Johnston procuring the buyer.
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