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January 23, 2019
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NORTHERN CALIFORNIA NEWS
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East Bay Multifamily Community Goes for $44 Mil

12/18/18

The Mark, a 150-unit apartment property in the East Bay city of Hayward, has sold for $44 mil ($293k/unit). The buyer was New Standard Equities.

The garden-style complex is located at 24650 Amador St, east of I-880 and north of Hwy 92. The property boasts a newly renovated fitness center, on-site laundry facilities and a crystal-clear swimming pool. Unit amenities include granite counters, plank flooring and new appliances. There is a fitness center, swimming pool and BBQ area.

Salvatore Saglimbeni, Stanford Jones, Philip Saglimbeni with IPA, along with Jon Holmquist with Marcus & Millichap, represented the seller, the Grupe Company and Hanover Financial.




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