Marcus & Millichap, a leading commercial real estate firm, recently announced the successful sale of White Front Apartments in Yuba City. The 12-unit property was sold for $1,440,000.
According to Tony DeLoney, senior managing director investments at Marcus & Millichap’s Sacramento office, the previous owners had held onto the property for over 15 years. The buyer plans to renovate each unit and take advantage of the strong market sentiment in Yuba-Sutter and Northern California as a whole.
The exclusive listing for White Front Apartments was handled by Tony and David DeLoney from Marcus & Millichap’s Sacramento office. Their efforts resulted in multiple competitive offers before a private investor secured the purchase through their representation.
Built in 1970 and currently occupying at an impressive rate of 91%, White Front Apartments is situated at 1165 B St. This multifamily property features four one-bedroom/one-bath units and eight two-bedroom/one-bath units that offer comfortable living spaces for residents.
