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PLACENTIA, CALIF. — Marcus & Millichap has negotiated the sale of Cobblestone Professional Office Building, an office property located at 201-261 Lakeview Ave. in Placentia. The asset traded for $5.7 million. Alex Tobin and Parker Bittner of Marcus & Millichap represented the private seller, while Dale Schrieber of Keller Williams procured the buyer, a private investor, in the deal. Cobblestone Professional Office Building offers 23,500 square feet of office space. At the time of sale, the property was occupied by tenants with leases that were all month-to-month, allowing the buyer to renovate the space for the tenant needs.