{"id":79831,"date":"2025-12-03T14:53:10","date_gmt":"2025-12-03T14:53:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/79831\/"},"modified":"2025-12-03T14:53:10","modified_gmt":"2025-12-03T14:53:10","slug":"marcus-millichap-closes-sale-and-arranges-financing-for-oakland-multifamily-asset-the-amelia","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/79831\/","title":{"rendered":"Marcus &#038; Millichap Closes Sale and Arranges Financing for Oakland Multifamily Asset The Amelia"},"content":{"rendered":"<p>            <a href=\"https:\/\/www.newsbeep.com\/us-ca\/wp-content\/uploads\/2025\/12\/The-Amelia.jpeg\" data-caption=\"The property sold for $21 million.\"><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"365\" class=\"entry-thumb td-modal-image\" src=\"https:\/\/www.newsbeep.com\/us-ca\/wp-content\/uploads\/2025\/12\/The-Amelia.jpeg\" alt=\"The Amelia\" title=\"The Amelia\"\/><\/a>The property sold for $21 million.<\/p>\n<p><a href=\"https:\/\/www.marcusmillichap.com\/mountain\" target=\"_blank\" rel=\"noopener nofollow\">Marcus &amp; Millichap<\/a>, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale and financing of <a href=\"https:\/\/www.apartments.com\/411-29th-st-oakland-ca-unit-223570111\/y4pyw0r\/\" target=\"_blank\" rel=\"noopener nofollow\">The Amelia<\/a>, an 83-unit multifamily property in Oakland, California.<\/p>\n<p>\u201cThe Amelia traded at an incredible basis relative to the cost of construction in one of Oakland\u2019s best neighborhoods,\u201d said Eymon Binesh, managing director investments in Marcus &amp; Millichap\u2019s Palo Alto office. \u201cAt just over $253,000 per unit, this sale highlights the continued confidence and long-term value investors see in the East Bay multifamily market.\u201d Binesh, Adam Levin, and Robert Johnston, executive managing director, Marcus &amp; Millichap, represented the seller and procured the buyer. \u201cThe Amelia demonstrates the continued depth of demand for well-located Bay Area multifamily assets,\u201d said Johnston. \u201cEven in a tighter capital markets environment, investors remain highly motivated to acquire quality properties with long-term fundamentals.\u201d David Campbell, senior managing director with <a href=\"http:\/\/www.mmcapcorp.com\/\" target=\"_blank\" rel=\"noopener nofollow\">Marcus &amp; Millichap Capital Corporation<\/a>, arranged acquisition financing.<\/p>\n<p>Located in Oakland\u2019s Pill Hill neighborhood, the property is within walking distance of Alta Bates Summit Medical Center, Kaiser Permanente Oakland Medical Center, Sprouts, Whole Foods, and shopping, dining, and entertainment on Broadway. The neighborhood is easily accessible from Interstate Highways 580 and 880 and Downtown Oakland is with one mile. Bay Area Rapid Transit light rail is a short walk from the property.<\/p>\n<p>Constructed in 2020, The Amelia has a rooftop terrace with barbecues, outdoor gathering spaces on every floor, and gated parking. Apartments have plank flooring, quartz countertops, stainless-steel appliances, in-unit laundry, and air conditioning.<\/p>\n<p>Marcus &amp; Millichap, Inc. is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. Marcus &amp; Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion in 2024. The company had 1,712 investment sales and financing professionals in more than 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate at year end.<\/p>\n<p><a class=\"gofollow\" data-track=\"MjQ1LDYsNjA=\" href=\"http:\/\/umadvisory.org\" target=\"_blank\" rel=\"nofollow noopener\"><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-ca\/wp-content\/uploads\/2025\/12\/UMA-digi-ad-leaderboard.jpg\" title=\"UMAdvisory\" border=\"0px\"\/><\/a>        <\/p>\n","protected":false},"excerpt":{"rendered":"The property sold for $21 million. Marcus &amp; Millichap, a leading commercial real estate brokerage firm specializing in&hellip;\n","protected":false},"author":2,"featured_media":79832,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[45790,7,45791,45792,45793,45794,45795,17746,100,143,145,144,12851,45796],"class_list":["post-79831","post","type-post","status-publish","format-standard","has-post-thumbnail","category-oakland","tag-acquisition-financing","tag-california","tag-capital-markets","tag-class-a","tag-deal-boom","tag-marcus-millichap","tag-mid-rise","tag-multifamily","tag-news","tag-oakland","tag-oakland-headlines","tag-oakland-news","tag-oakland-california","tag-value-add"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/79831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=79831"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/79831\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/79832"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=79831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=79831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=79831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}