Throckmorton Partners, Pratt Co. Sell Parc Marin Multifamily Asset in Northern California for $20.5M

CORTE MADERA, CALIF. — Throckmorton Partners and The Pratt Co. have completed the sale of Parc Marin, an apartment community located in Corte Madera. An undisclosed buyer acquired the property for $20.5 million, which equates to $640,625 per unit and $636 per square foot.

Built in 1961 and renovated in 2017, Parc Marin features 32 boutique for-rent units. The property is situated on 3.4 acres.

Erich Reinchenbach of Marcus & Millichap represented the sellers in the deal.