Levin Johnston directs multifamily acquisition in Silicon Valley
Levin Johnston of Marcus & Millichap, a U.S. multifamily brokerage team specializing in wealth management through commercial real estate investments, has directed the $8.8 million acquisition of a one-acre multifamily community in Mountain View, Calif.
Located at 440 North Rengstorff, the apartment property is near downtown Mountain View, in close proximity to schools, shopping, dining, and highways 101 and 85, providing direct access to all major Bay Area locations.
Adam Levin, senior managing director for Levin Johnston, and Robert Johnston, also a senior managing director with Levin Johnston, represented the buyer, a local, well-seasoned apartment investor who will continue to operate the property as a cash-flow investment.
“The investment appeal of this asset is driven by its prime location in the Silicon Valley,” said Johnston. “Tech employers continue to attract talent to the region, such as Google, which employs over 62,000 people in the immedia