Family-Owned Stockton Retail Sells to Private Investor

Marcus & Millichap closed the sale of a 14,000-square-foot retail property located at 3750 West Ln. in Stockton. The sale price was $1,080,000.

Investment associate Dominic Mazzoni and Edward J. Nelson, first VP investments in Marcus & Millichap’s Sacramento office, marketed the property on behalf of the seller, an individual/personal trust. The buyer, a private investor, was procured by Chris Sill of Lee & Associates.

“The property had previously languished on the market for nearly three years under the representation of a local agent,” said Mazzoni. “However, leveraging our team’s exposure and marketing strategies, we swiftly procured an offer within the first couple of weeks of marketing and successfully closed the deal at a price that satisfied the seller.

He continued, “The seller had inherited this property from his father a few decades ago, and since then, it had been held among a multitude of family members. With the seller located in Idaho, the decision to liquidate the asset and enjoy the fruits of their labor seemed to make the most sense.”

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Marcus & Millichap's Mazzoni

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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