MARCUS & MILLICHAP MANAGES $33.25 MILLION MULTIFAMILY SALE

LIVERMORE, CALIF. — Marcus & Millichap has brokered the $33.25 million sale of the 240-unit Ironwood Apartments located at 5634 Charlotte Way in Livermore. Built in 1973, the 184,112-square-foot multifamily complex consists of 24 two-story residential buildings featuring one-, two- and three-bedroom homes. Situated within walking distance of Sandia National Laboratory and two miles from downtown Livermore, Ironwood Apartments includes a swimming pool and spa, fitness center, two children’s play areas, and picnic and barbecue facilities. Marcus & Millichap’s Stanford Jones, Phil Saglimbeni and Sal Saglimbeni represented one of the largest private owners of multifamily properties in the San Francisco Bay Area in its sale of the property to a Bay Area-based real estate investment fund manager.