Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Manteca Golf & Tennis Villas, a 56-unit multifamily property in Manteca, California.
“Manteca Golf & Tennis Villas’ Central Valley location places it in the midst of an economically expanding region with an acute housing shortage,” said Stephen Jackson, senior director in Marcus & Millichap’s San Francisco office. Jackson and Joe Owens, Marcus & Millichap senior director, represented the seller. “Manteca, located in the Central Valley of California, has become a focal point for job growth in logistics, distribution, advanced manufacturing, and healthcare, yet has struggled to keep pace with housing production,” said Owens.
Completed in 1985, Manteca Golf & Tennis Villas has a swimming pool, laundry facilities, and a tennis court. Apartments have washer and dryer connections, hardwood floors, and walk-in closets…