Marcus & Millichap

Allen Smith

Overview

As a Clemson University alumni, Allen Smith served as a U.S. Air Force pilot before beginning his career in sales, starting with Procter & Gamble in California. As National Accounts Manager he was responsible for some of the largest retail headquarters in the U.S., including Wal-Mart and Kmart. Over the next several years Allen served as Vice President Sales and Marketing for two national consumer products companies and established a joint venture with The Ministry of Agriculture in China where he spent extensive time.

Allen began a career in commercial real estate brokerage and development in Charlotte in 1995. He developed new apartment communities in Charleston, SC and Daytona Beach, FL and is still a partner is a 256 unit Class An apartment community in Charleston. In 2002, Allen joined Marcus & Millichap in Washington, D.C. and in 2004 opened a new office in Charlotte, NC. He serves as the North Carolina Broker of Record for the company. Allen also serves as president of a Charlotte based non-profit that sponsors needy children in Haiti and Africa. He has two daughters living in Dallas and Northern Virginia.

Charlotte Uptown
Allen Smith

Allen Smith

Vice President Investments
Tel: (704) 831-4620
Fax: (704) 831-4610

License:  NC  127350
License:  SC  26909

Associate Director - National Multi Housing Group

Promoted to Associate in September, 2003
Promoted to Senior Associate in October, 2005
Promoted to Associate Vice President Investments in January, 2008
Promoted to Vice President Investments in July, 2009

Clemson University

National Achievement Award - 2007, 2006
Sales Recognition Award - 2014, 2007, 2006, 2003

Transactions Closed

  • The Retreat at Raleigh

    The Retreat at Raleigh

    Student Housing

    Raleigh, NC
    Price: $40,600,000
    Size: 281,082 sqft
    Size: 149 units

  • Chapel Ridge

    Chapel Ridge

    Student Housing

    Chapel Hill, NC
    Price: $30,375,000
    Size: 180 units
    Cap Rate: 3.29%

  • Aaron's, Inc. Portfolio

    Aaron's, Inc. Portfolio

    Net Leased Miscellaneous

    Spring Hill, FL
    Price: $25,836,211
    Size: 214,818 sqft
    Cap Rate: 8.14%

  • The Forum II

    The Forum II

    Shopping Regional

    Wilmington, NC
    Price: $24,680,000
    Size: 105,785 sqft
    Cap Rate: 9.46%

  • 5 Property Portfolio in Greater Charlotte

    5 Property Portfolio in Greater Charlotte

    Self-Storage Facility

    Charlotte, NC
    Price: $21,000,000
    Size: 2,225 units
    Cap Rate: 5.29%

  • Windsor Falls

    Windsor Falls

    Multifamily

    Raleigh, NC
    Price: $20,040,000
    Size: 270,384 sqft
    Size: 276 units
    Cap Rate: 7.18%

  • Berkeley Commons

    Berkeley Commons

    Shopping Regional

    Goldsboro, NC
    Price: $19,000,000
    Size: 136,827 sqft
    Cap Rate: 7.81%

  • Napa Auto Parts Portfolio

    Napa Auto Parts Portfolio

    Net Leased Auto Parts

    Various Cities, FL
    Price: $18,433,578
    Size: 83,656 sqft
    Cap Rate: 6.33%

  • Chapel View

    Chapel View

    Student Housing

    Chapel Hill, NC
    Price: $16,875,000
    Size: 224 units
    Cap Rate: 5.93%

  • NET-LEASED BIOPHARMA FACILITY

    NET-LEASED BIOPHARMA FACILITY

    Industrial Research & Development

    Durham, NC
    Price: $16,250,000
    Cap Rate: 15.90%

  • Stonebridge Village

    Stonebridge Village

    Shopping Community

    Cary, NC
    Price: $14,325,000
    Size: 85,499 sqft
    Cap Rate: 7.87%

  • Mint Hill Medical Commons

    Mint Hill Medical Commons

    Office Medical

    Mint Hill, NC
    Price: $14,125,000
    Size: 42,300 sqft
    Cap Rate: 6.68%

  • Sunset Lake Commons

    Sunset Lake Commons

    Shopping Community

    Holly Springs, NC
    Price: $12,815,000
    Size: 88,175 sqft
    Cap Rate: 7.52%

  • Caralea Valley

    Caralea Valley

    Multifamily

    Concord, NC
    Price: $12,100,000
    Size: 233 units
    Cap Rate: 8.01%

  • The Pines at Carolina Place

    The Pines at Carolina Place

    Multifamily Tax Credit

    Pineville, NC
    Price: $11,775,000
    Size: 214,528 sqft
    Size: 200 units
    Cap Rate: 5.75%

  • Blackthorn Apartments

    Blackthorn Apartments

    Multifamily

    Greensboro, NC
    Price: $11,250,000
    Size: 179,004 sqft
    Size: 192 units
    Cap Rate: 6.91%

  • Raleigh North - Millbank Court

    Raleigh North - Millbank Court

    Multifamily HUD

    Raleigh, NC
    Price: $11,250,000
    Size: 35,000 sqft
    Size: 230 units
    Cap Rate: 12.27%

  • The Thetford Portfolio

    The Thetford Portfolio

    Multifamily

    Beaufort, NC
    Price: $10,500,000
    Size: 738,607 sqft
    Size: 815 units
    Cap Rate: 10.55%

  • Bristol Park

    Bristol Park

    Multifamily

    Fayetteville, NC
    Price: $10,125,000
    Size: 140,960 sqft
    Size: 112 units
    Cap Rate: 8.29%

  • YorkTowne Apartments

    YorkTowne Apartments

    Multifamily

    Greensboro, NC
    Price: $10,000,000
    Size: 322,672 sqft
    Size: 314 units
    Cap Rate: 9.07%

  • Wakefield Crossing

    Wakefield Crossing

    Shopping Neighborhood

    Raleigh, NC
    Price: $9,800,000
    Size: 75,927 sqft
    Cap Rate: 8.69%

  • Walgreens

    Walgreens

    Net Leased Drug Store

    Greensboro, NC
    Price: $9,237,200
    Size: 14,534 sqft
    Cap Rate: 5.38%

  • Western Plaza

    Western Plaza

    Shopping Strip

    Jacksonville, NC
    Price: $8,585,000
    Size: 68,386 sqft
    Cap Rate: 7.84%

  • Sea Trail Resort

    Sea Trail Resort

    Golf Course

    Sunset Beach, NC
    Price: $8,500,000
    Size: 54 units
    Cap Rate: 4.66%

  • Cape Fear Plaza

    Cape Fear Plaza

    Shopping Neighborhood

    Fayetteville, NC
    Price: $8,425,000
    Size: 115,842 sqft
    Cap Rate: 12.96%

  • The Ridges Apartments

    The Ridges Apartments

    Multifamily

    Kannapolis, NC
    Price: $8,250,000
    Size: 153,424 sqft
    Size: 198 units
    Cap Rate: 7.46%

  • JFK Towers Apartments

    JFK Towers Apartments

    Multifamily HUD

    Durham, NC
    Price: $8,100,000
    Size: 97,950 sqft
    Size: 178 units
    Cap Rate: 5.83%

  • Forrest Oaks Shopping Center

    Forrest Oaks Shopping Center

    Shopping Strip

    Mount Airy, NC
    Price: $8,016,959
    Size: 126,119 sqft
    Cap Rate: 10.26%

  • Walgreens

    Walgreens

    Net Leased Drug Store

    Raleigh, NC
    Price: $7,534,247
    Size: 14,550 sqft
    Cap Rate: 7.30%

  • Lake Arbor

    Lake Arbor

    Multifamily

    Charlotte, NC
    Price: $7,500,000
    Size: 242,496 sqft
    Size: 244 units
    Cap Rate: 11.46%

  • Kingswood MHC

    Kingswood MHC

    Mobile Home Park

    Charlotte, NC
    Price: $7,465,000
    Size: 237 units
    Cap Rate: 9.26%

  • Walgreens Pharmacy #12045

    Walgreens Pharmacy #12045

    Net Leased Drug Store

    Burlington, NC
    Price: $7,300,000
    Size: 14,550 sqft
    Cap Rate: 7.47%

  • Gander Mountain

    Gander Mountain

    Net Leased Miscellaneous

    Winston Salem, NC
    Price: $7,233,913
    Size: 42,750 sqft
    Cap Rate: 7.98%

  • Longview Meadow

    Longview Meadow

    Multifamily

    Concord, NC
    Price: $7,000,000
    Size: 115,500 sqft
    Size: 135 units
    Cap Rate: 7.84%

  • Pinecrest Pointe

    Pinecrest Pointe

    Shopping Strip

    Raleigh, NC
    Price: $7,000,000
    Size: 89,224 sqft
    Cap Rate: 9.53%

  • Greens of Pine Glen

    Greens of Pine Glen

    Multifamily Tax Credit

    Durham, NC
    Price: $7,000,000
    Size: 192,932 sqft
    Size: 168 units
    Cap Rate: 8.58%

  • WALGREENS

    WALGREENS

    Net Leased Drug Store

    Hickory, NC
    Price: $6,796,875
    Size: 14,820 sqft
    Cap Rate: 6.40%

  • Deerfield Crossing

    Deerfield Crossing

    Multifamily Tax Credit

    Mebane, NC
    Price: $6,700,000
    Size: 137,232 sqft
    Size: 144 units
    Cap Rate: 10.86%

  • General Dynamics SATCOM Technologies, Inc.

    General Dynamics SATCOM Technologies, Inc.

    Single-Tenant Industrial

    Newton, NC
    Price: $6,375,000
    Size: 187,200 sqft
    Cap Rate: 10.38%

  • Stantec Building

    Stantec Building

    Single-Tenant Office

    Winston-Salem, NC
    Price: $6,300,000
    Size: 01 sqft

  • DaVita Southeastern Dialysis Center

    DaVita Southeastern Dialysis Center

    Single-Tenant Office

    Wilmington, NC
    Price: $6,250,000
    Size: 19,000 sqft
    Cap Rate: 7.88%

  • CAROLINA BREEZE

    CAROLINA BREEZE

    Multifamily

    Myrtle Beach, SC
    Price: $6,100,000
    Size: 140,383 sqft
    Size: 165 units
    Cap Rate: 9.15%

  • Walgreens-Village at Robinhood

    Walgreens-Village at Robinhood

    Net Leased Drug Store

    Winston Salem, NC
    Price: $5,968,000
    Size: 14,820 sqft
    Cap Rate: 6.25%

  • Concord Chase

    Concord Chase

    Multifamily Tax Credit

    Concord, NC
    Price: $5,900,000
    Size: 125,580 sqft
    Size: 124 units
    Cap Rate: 16.52%

  • Walgreens

    Walgreens

    Net Leased Drug Store

    Zebulon (Raleigh), NC
    Price: $5,875,000
    Size: 14,550 sqft

  • Walgreens

    Walgreens

    Net Leased Drug Store

    Kings Mountain, NC
    Price: $5,851,850
    Size: 13,650 sqft
    Cap Rate: 6.75%

  • Walgreens - Hickory (Springs Rd)

    Walgreens - Hickory (Springs Rd)

    Net Leased Drug Store

    Hickory, NC
    Price: $5,838,926
    Size: 14,820 sqft
    Cap Rate: 7.45%

  • Bethabara Pointe

    Bethabara Pointe

    Multifamily Tax Credit

    Winston-Salem, NC
    Price: $5,800,000
    Size: 193,636 sqft
    Size: 160 units
    Cap Rate: 6.92%

  • The Thetford Portfolio

    The Thetford Portfolio

    Multifamily

    Mt Olive, NC
    Price: $5,776,550
    Size: 738,607 sqft
    Size: 815 units
    Cap Rate: 19.19%

  • Walgreens Pharmacy #12047 Pre-Construction

    Walgreens Pharmacy #12047 Pre-Construction

    Net Leased Drug Store

    High Point, NC
    Price: $5,763,150
    Size: 14,490 sqft
    Cap Rate: 7.60%

  • Lexington Shopping Center

    Lexington Shopping Center

    Shopping Strip

    Lexington, NC
    Price: $5,750,000
    Size: 31,200 sqft
    Cap Rate: 8.14%

  • Southridge Apartments

    Southridge Apartments

    Multifamily

    Raleigh, NC
    Price: $5,600,000
    Size: 165,600 sqft
    Size: 192 units
    Cap Rate: 8.92%

  • Walgreens

    Walgreens

    Net Leased Drug Store

    Oxford, NC
    Price: $5,600,000
    Size: 14,820 sqft

  • Walgreens

    Walgreens

    Net Leased Drug Store

    Fayetteville, NC
    Price: $5,575,000
    Size: 14,490 sqft
    Cap Rate: 7.17%

  • New Hanover Village

    New Hanover Village

    Multifamily

    Wilmington, NC
    Price: $5,400,000
    Size: 110,120 sqft
    Size: 100 units
    Cap Rate: 7.85%

  • Naples Terrace

    Naples Terrace

    Multifamily Tax Credit

    Durham, NC
    Price: $5,400,000
    Size: 155,970 sqft
    Size: 159 units
    Cap Rate: 7.08%

  • Morningstar Mini-Storage of Fayetteville

    Morningstar Mini-Storage of Fayetteville

    Self-Storage Facility

    Fayetteville, NC
    Price: $5,350,000
    Size: 713 units
    Cap Rate: 8.12%

  • Walgreens

    Walgreens

    Net Leased Drug Store

    Fuquay Varina, NC
    Price: $5,333,333
    Size: 13,650 sqft

  • Walgreens Pharmacy #11892

    Walgreens Pharmacy #11892

    Net Leased Drug Store

    Mooresville, NC
    Price: $5,230,333
    Size: 14,820 sqft
    Cap Rate: 7.48%

  • Walgreens

    Walgreens

    Net Leased Drug Store

    Reidsville, NC
    Price: $5,172,143
    Size: 14,550 sqft
    Cap Rate: 7.00%

  • Carolina Oaks

    Carolina Oaks

    Multifamily

    Greensboro, NC
    Price: $5,100,000
    Size: 91,200 sqft
    Size: 96 units
    Cap Rate: 7.44%

  • Walgreens

    Walgreens

    Net Leased Drug Store

    High Point, NC
    Price: $5,098,500
    Size: 14,820 sqft

  • Kerr Drug

    Kerr Drug

    Net Leased Drug Store

    HILLSBOROUGH, NC
    Price: $5,090,276
    Size: 12,510 sqft
    Cap Rate: 7.25%

  • Summit Pointe

    Summit Pointe

    Shopping Strip

    Morganton, NC
    Price: $5,050,000
    Size: 44,425 sqft
    Cap Rate: 8.38%

  • Maple Ridge I & II

    Maple Ridge I & II

    Multifamily Tax Credit

    Holly Springs, NC
    Price: $5,050,000
    Size: 88,996 sqft
    Size: 95 units
    Cap Rate: 7.57%

  • Walgreens Pharmacy #10886

    Walgreens Pharmacy #10886

    Net Leased Drug Store

    Hendersonville, NC
    Price: $5,033,000
    Size: 15,371 sqft
    Cap Rate: 7.45%

  • Walgreens

    Walgreens

    Net Leased Drug Store

    Elizabeth City, NC
    Price: $4,970,000
    Size: 14,550 sqft
    Cap Rate: 6.54%

  • Shoppes at Camelot

    Shoppes at Camelot

    Shopping Strip

    Augusta (Evans), GA
    Price: $4,900,000
    Size: 26,121 sqft
    Cap Rate: 8.35%

  • AT&T Wireless | Buffalo Wild Wings Ground Lease

    AT&T Wireless | Buffalo Wild Wings Ground Lease

    Urban-High Street Retail

    Durham, NC
    Price: $4,850,000
    Size: 10,550 sqft
    Cap Rate: 7.58%

  • Walgreens #9635

    Walgreens #9635

    Net Leased Drug Store

    Raleigh, NC
    Price: $4,833,333
    Size: 14,422 sqft
    Cap Rate: 7.55%

  • Tanglewood Crossing Shopping Center

    Tanglewood Crossing Shopping Center

    Shopping Neighborhood

    Advance, NC
    Price: $4,830,000
    Size: 62,925 sqft
    Cap Rate: 11.20%

  • CVS

    CVS

    Net Leased Drug Store

    Harrisburg, NC
    Price: $4,830,000
    Size: 13,000 sqft
    Cap Rate: 5.93%

  • Kerr Drug

    Kerr Drug

    Net Leased Drug Store

    DURHAM, NC
    Price: $4,800,000
    Size: 11,481 sqft
    Cap Rate: 7.89%

  • Walgreens

    Walgreens

    Net Leased Drug Store

    Rocky Mount, NC
    Price: $4,687,500
    Size: 14,820 sqft
    Cap Rate: 6.40%

  • Walgreens Pharmacy #11803

    Walgreens Pharmacy #11803

    Net Leased Drug Store

    Mebane, NC
    Price: $4,650,000
    Size: 13,650 sqft
    Cap Rate: 7.35%

  • Walgreens

    Walgreens

    Net Leased Drug Store

    Holly Springs, NC
    Price: $4,600,000
    Size: 14,546 sqft
    Cap Rate: 7.54%

  • Ayden Crossing

    Ayden Crossing

    Shopping Community

    Ayden, NC
    Price: $4,600,000
    Size: 50,778 sqft
    Cap Rate: 9.07%

  • Firethorne Country Club

    Firethorne Country Club

    Golf Course

    Marvin, NC
    Price: $4,500,000
    Size: 18 units
    Cap Rate: 13.03%

  • Sea Palms Condominiums & Multifamily Land

    Sea Palms Condominiums & Multifamily Land

    Multifamily

    MYRTLE BEACH, SC
    Price: $4,400,000
    Size: 48,768 sqft
    Size: 48 units
    Cap Rate: 5.21%

  • Wells Fargo Bank

    Wells Fargo Bank

    Net Leased Bank

    Fayetteville, NC
    Price: $4,370,000
    Size: 23,173 sqft
    Cap Rate: 6.20%

  • Walgreens Pharmacy #11201

    Walgreens Pharmacy #11201

    Net Leased Drug Store

    Elkin, NC
    Price: $4,305,000
    Size: 14,820 sqft
    Cap Rate: 7.75%

  • Navis Global

    Navis Global

    Single-Tenant Industrial

    Lexington, NC
    Price: $4,300,000
    Size: 127,350 sqft
    Cap Rate: 8.78%

  • Rite Aid

    Rite Aid

    Net Leased Drug Store

    Greensboro, NC
    Price: $4,270,000
    Size: 13,824 sqft
    Cap Rate: 7.44%

  • Spring Crossing Retail Center

    Spring Crossing Retail Center

    Shopping Neighborhood

    Spring, TX
    Size: 18,582 sqft
    Cap Rate: 7.00%

  • Walgreens

    Walgreens

    Net Leased Drug Store

    Leland, NC
    Price: $4,079,000
    Size: 14,820 sqft
    Cap Rate: 6.25%

  • Walgreens

    Walgreens

    Net Leased Drug Store

    Nashville, NC
    Price: $4,025,000
    Size: 11,180 sqft
    Cap Rate: 6.11%

  • Cross Pointe Plaza

    Cross Pointe Plaza

    Shopping Regional

    Reidsville, NC
    Price: $4,000,000
    Size: 41,825 sqft
    Cap Rate: 8.38%

  • DaVita Southeastern Dialysis Center

    DaVita Southeastern Dialysis Center

    Single-Tenant Office

    Jacksonville, NC
    Price: $3,998,300
    Size: 11,523 sqft
    Cap Rate: 7.85%

  • Walgreens

    Walgreens

    Net Leased Drug Store

    Statesville, NC
    Price: $3,912,000
    Size: 14,490 sqft
    Cap Rate: 6.75%

  • Rite Aid

    Rite Aid

    Net Leased Drug Store

    Monroe, NC
    Price: $3,800,000
    Size: 13,813 sqft
    Cap Rate: 7.77%

  • Kerr Drugstore (Walgreens)

    Kerr Drugstore (Walgreens)

    Net Leased Drug Store

    Pittsboro, NC
    Price: $3,800,000
    Size: 10,280 sqft
    Cap Rate: 6.20%

  • Wendy's Absolute-Net (NNN)

    Wendy's Absolute-Net (NNN)

    Net Leased Restaurant

    Rocky Mount, NC
    Price: $3,747,375
    Size: 3,138 sqft
    Cap Rate: 5.60%

  • Fresenius Medical Care

    Fresenius Medical Care

    Single Tenant Office Medical

    Asheboro, NC
    Price: $3,652,028
    Size: 16,320 sqft

  • Fairview Crossing

    Fairview Crossing

    Shopping Neighborhood

    Fairview, NC
    Size: 43,104 sqft

  • River Chase

    River Chase

    Multifamily HUD

    Columbia, SC
    Price: $3,600,000
    Size: 110,880 sqft
    Size: 176 units
    Cap Rate: 11.16%

  • Hoffman Homes Apartments

    Hoffman Homes Apartments

    Multifamily HUD

    Gastonia, NC
    Price: $3,550,000
    Size: 82,404 sqft
    Size: 81 units
    Cap Rate: 6.85%

  • PNC Bank

    PNC Bank

    Net Leased Bank

    Cary, NC
    Price: $3,529,412
    Size: 3,608 sqft
    Cap Rate: 5.95%

  • PNC Bank

    PNC Bank

    Net Leased Bank

    Raleigh, NC
    Price: $3,529,412
    Size: 3,974 sqft
    Cap Rate: 5.95%

  • Applebee's

    Applebee's

    Net Leased Restaurant

    Raleigh MSA, NC
    Price: $3,525,000
    Size: 5,651 sqft
    Cap Rate: 6.81%

  • SteriGenics International, Inc.

    SteriGenics International, Inc.

    Single-Tenant Industrial

    Charlotte, NC
    Price: $3,500,000
    Size: 61,880 sqft
    Cap Rate: 9.04%

There are additional transactions closed, contact us for more.