Marcus & Millichap

Peggy Brooks Smith

Overview

Peggy Smith began her real estate career over 35 years ago. In 1974, she became the first woman to join the commercial division of a large Washington, DC regional real estate brokerage firm where she was later named Vice President of Commercial Sales. Experienced throughout the region, Ms. Smith has sold all types of commercial and investment properties for her clients: multi-family, office, retail, shopping centers and industrial properties, as well as land assemblages, equity joint ventures and tax-deferred exchanges.

Among Ms. Smith's numerous property closings was the initial land assemblage for 1200 K Street, N.W., one of Washington's major office buildings. She was involved in an equity placement/joint venture of the 83,600-square foot medical building at 2141 K Street, and later assisted the same investors to purchase the former National Rifle Association headquarters at 1600 Rhode Island Avenue for rehabilitation and conversion to a Marriott Courtyard hotel.

Since joining Marcus & Millichap in 1997, Ms. Smith's sales transactions have included land for development, and numerous multi-family and retail properties in NW, Washington, DC.

On November 10, 1991, Ms. Smith received a Certified Commercial Investment Member (CCIM) designation, a 240-hour commercial real estate professional curriculum, referred to as the "PhD" in commercial real estate. A Founder and Past President of CREW Washington (Commercial Real Estate Women, Inc.), now part of the CREW National Network of over 6,000 commercial real estate professionals and 57 chapters in cities nationwide and in Canada. Ms. Smith currently serves on Washington CREW's Advisory Council.

Ms. Smith received her B.A. degree from The American University in Washington, DC. Having served as President of the Board of Governors of the Alumni Association, and a founder and President of the Real Estate Alumni Chapter, she was honored by the University with a prestigious Alumni Recognition Award for her success as a "commercial realtor, an innovative alumna, a founder of professional organizations, and an outstanding ground-breaker for the City".   Recently, she served as Chair of the newly formed Real Estate Council of American University Kogod School of Business.

Washington, D.C.
Peggy Brooks Smith

Peggy Brooks Smith

Associate Vice President Investments
Tel: (202) 536-3764
Fax: (202) 536-3824

License:  MD  31225
License:  VA  0225 117331
License:  DC  AB33762

Certified Commercial Investment Member
A Founder & Past President at Crew, Inc. in Washington, DC

Director - National Multi Housing Group

Promoted to Associate in January, 2001
Promoted to Senior Associate in September, 2003
Promoted to Associate Vice President Investments in November, 2010

American University, Bachelor of Arts, 1952
Commercial Investment Real Estate Institute, CCIM, 1991
American University, Graduate Classes at Kogod School of Business

Sales Recognition Award - 2004, 2002, 2001

Transactions Closed

  • Konikoff Professional Center

    Konikoff Professional Center

    Office Medical

    Virginia Beach, VA
    Price: $8,500,000
    Cap Rate: 8.30%

  • London Terrace Apartments

    London Terrace Apartments

    Multifamily

    Silver Spring, MD
    Price: $7,350,000
    Size: 61 units
    Cap Rate: 6.61%

  • 1315 Clifton Street NW

    1315 Clifton Street NW

    Multifamily Vacant/User

    Washington, DC
    Price: $7,000,000
    Size: 25,964 sqft
    Size: 30 units

  • 740 6th Street NW

    740 6th Street NW

    Mixed-Use Vacant/User

    Washington, DC
    Price: $6,100,000
    Size: 12,130 sqft
    Cap Rate: 1.94%

  • BEST WESTERN

    BEST WESTERN

    Hotel/Motel

    Washington, DC
    Price: $5,900,000

  • Blair Group Apartments

    Blair Group Apartments

    Multifamily

    Washington, DC
    Price: $5,093,000
    Size: 73,687 sqft
    Size: 71 units
    Cap Rate: 4.32%

  • 1313-1317 14th Street NW

    1313-1317 14th Street NW

    Retail Vacant/User

    Washington, DC
    Price: $5,000,000
    Size: 7,042 sqft

  • JSB Apartments

    JSB Apartments

    Multifamily

    WALDORF, MD
    Price: $4,800,000
    Size: 52,992 sqft
    Size: 48 units
    Cap Rate: 8.12%

  • Hyattsville Warehouses

    Hyattsville Warehouses

    Industrial Warehouse

    Hyattsville, MD
    Price: $4,400,000
    Cap Rate: 7.35%

  • Randolph Towers

    Randolph Towers

    Multifamily

    Washington, DC
    Price: $4,125,000
    Size: 83,194 sqft
    Size: 146 units
    Cap Rate: 9.77%

  • 1121 24th Street NW

    1121 24th Street NW

    Multifamily

    Washington, DC
    Price: $3,850,000
    Size: 25,000 sqft
    Size: 47 units
    Cap Rate: 4.06%

  • Hawthorne Townhomes

    Hawthorne Townhomes

    Multifamily

    Landover, MD
    Price: $3,750,000
    Cap Rate: 11.36%

  • 1765 R Street NW

    1765 R Street NW

    Multifamily

    Washington, DC
    Price: $2,940,000
    Size: 6,208 sqft
    Size: 08 units
    Cap Rate: 6.53%

  • Maison à Dupont

    Maison à Dupont

    Multifamily Vacant/User

    Washington, DC
    Price: $2,825,000
    Size: 4,200 sqft
    Size: 09 units

  • 5610 COLORADO AVENUE NW

    5610 COLORADO AVENUE NW

    Multifamily

    WASHINGTON, DC
    Price: $2,800,000
    Size: 23,433 sqft
    Size: 36 units
    Cap Rate: 5.41%

  • Walgreens

    Walgreens

    Net Leased Drug Store

    Denver, CO
    Price: $2,725,000
    Size: 13,905 sqft
    Cap Rate: 10.21%

  • Multifamily

    Washington, DC
    Price: $2,650,000
    Size: 45,528 sqft
    Size: 64 units
    Cap Rate: 8.36%

  • Swann Street Condo Development

    Swann Street Condo Development

    Multifamily Vacant/User

    Washington, DC
    Price: $2,650,000
    Size: 8,235 sqft
    Size: 08 units
    Cap Rate: 0.33%

  • 1643 Connecticut Avenue, NW

    1643 Connecticut Avenue, NW

    Shopping Regional

    Washington, DC
    Price: $2,500,000
    Size: 4,922 sqft
    Cap Rate: 5.51%

  • 2225 California Street

    2225 California Street

    Land - Multi-Family

    Washington, DC
    Price: $2,408,500

  • 2414-22 18th Street, NW

    2414-22 18th Street, NW

    Shopping Neighborhood

    Washington, DC
    Price: $2,300,000
    Size: 4,900 sqft
    Cap Rate: 6.43%

  • 1309 Clifton Street, NW

    1309 Clifton Street, NW

    Multifamily

    Washington, DC
    Price: $2,300,000
    Size: 11,250 sqft
    Size: 18 units
    Cap Rate: 1.91%

  • Canal Inn

    Canal Inn

    Multifamily Vacant/User

    Washington, DC
    Price: $2,250,000
    Size: 3,350 sqft
    Size: 01 units

  • Wisconsin Retail

    Wisconsin Retail

    Retail Vacant/User

    Washington, DC
    Price: $2,200,000
    Size: 11,437 sqft
    Cap Rate: -2.30%

  • The Chase

    The Chase

    Shopping Neighborhood

    Bethesda, MD
    Price: $1,860,000

  • 2339 40th Place NW

    2339 40th Place NW

    Multifamily

    Washington, DC
    Price: $1,830,000
    Size: 15,452 sqft
    Size: 17 units
    Cap Rate: 5.97%

  • Chase Avenue Center Leasehold

    Chase Avenue Center Leasehold

    Shopping Strip

    Bethesda, MD
    Price: $1,800,000
    Size: 5,400 sqft
    Cap Rate: 6.27%

  • 4595-4597 MacArthur Boulevard NW

    4595-4597 MacArthur Boulevard NW

    Multifamily

    Washington, DC
    Price: $1,752,000
    Size: 7,176 sqft
    Size: 12 units
    Cap Rate: 4.75%

  • Multifamily

    Washington, DC
    Price: $1,700,000
    Size: 25,790 sqft
    Size: 26 units
    Cap Rate: 5.88%

  • Maple-Lee Apartments

    Maple-Lee Apartments

    Multifamily

    Takoma Park, MD
    Price: $1,600,000
    Size: 36,522 sqft
    Size: 36 units
    Cap Rate: 8.34%

  • 1620 CORCORAN STREET, NW

    1620 CORCORAN STREET, NW

    Student Housing

    Washington, DC
    Price: $1,600,000
    Size: 6,460 sqft
    Size: 07 units
    Cap Rate: 4.61%

  • 5854 Urbana Pike

    5854 Urbana Pike

    Land - Commercial

    Frederick, MD
    Price: $1,600,000
    Size: 44,431 sqft

  • Graham Park Apartments

    Graham Park Apartments

    Multifamily

    Triangle, VA
    Price: $1,575,000
    Size: 18,270 sqft
    Size: 29 units
    Cap Rate: 8.98%

  • Flower Oaks Apartments

    Flower Oaks Apartments

    Multifamily

    Takoma Park, MD
    Price: $1,550,000
    Size: 40,446 sqft
    Size: 31 units
    Cap Rate: 9.04%

  • 3921 Kansas Avenue NW

    3921 Kansas Avenue NW

    Multifamily

    Washington, DC
    Price: $1,529,500
    Size: 23 units
    Cap Rate: 6.61%

  • Office & Retail

    Washington, DC
    Price: $1,450,000
    Size: 9,300 sqft
    Size: 05 units

  • Dupont Circle Mixed-Use Building

    Dupont Circle Mixed-Use Building

    Multifamily, Office & Retail

    Washington, DC
    Price: $1,425,000
    Size: 3,990 sqft
    Size: 01 units
    Cap Rate: 7.11%

  • Don Lobo's Mexican Grill (Georgetown's M Street)

    Don Lobo's Mexican Grill (Georgetown's M Street)

    Net Leased Restaurant

    Washington, DC
    Price: $1,380,000
    Size: 2,491 sqft
    Cap Rate: 6.09%

  • 1023 14th Street SE

    1023 14th Street SE

    Multifamily

    Washington, DC
    Price: $1,325,000
    Size: 9,719 sqft
    Size: 12 units
    Cap Rate: 7.66%

  • 1633 Wisconsin Avenue NW

    1633 Wisconsin Avenue NW

    Retail Vacant/User

    Washington, DC
    Price: $1,008,000
    Size: 1,680 sqft

  • 1344-1348 H Street NE

    1344-1348 H Street NE

    Retail Vacant/User

    Washington, DC
    Price: $1,000,000
    Size: 2,466 sqft

  • 1445 Spring Road NW

    1445 Spring Road NW

    Multifamily

    Washington, DC
    Price: $1,000,000
    Size: 13 units
    Cap Rate: 2.65%

  • Retail Vacant/User

    Washington, DC
    Price: $900,000

  • The Peabody

    The Peabody

    Multifamily

    Washington, DC
    Price: $775,000
    Size: 24,948 sqft
    Size: 30 units
    Cap Rate: 9.29%

  • Girard Street Apartment Homes

    Girard Street Apartment Homes

    Multifamily

    Washington, DC
    Price: $750,000
    Size: 4,650 sqft
    Size: 05 units
    Cap Rate: 7.85%

  • Capitol Hill Manor

    Capitol Hill Manor

    Multifamily

    Washington, DC
    Price: $720,000
    Size: 44,196 sqft
    Size: 80 units
    Cap Rate: 7.80%

  • Retail Vacant/User

    Washington, DC
    Price: $695,000

  • Multifamily

    Takoma Park, MD
    Price: $670,000
    Size: 8,304 sqft
    Size: 12 units
    Cap Rate: 14.77%

  • 830 Kennedy Street, NW

    830 Kennedy Street, NW

    Multifamily

    Washington, DC
    Price: $560,000
    Size: 24 units
    Cap Rate: 9.82%

  • 509 Montgomery Street

    509 Montgomery Street

    Multifamily

    Laurel, MD
    Price: $415,000
    Size: 4,504 sqft
    Size: 10 units
    Cap Rate: 10.01%

  • 245 OGLETHORPE STREET, NW

    245 OGLETHORPE STREET, NW

    Multifamily Vacant/User

    Washington, DC
    Price: $360,000
    Size: 2,392 sqft
    Size: 04 units

  • 4620 Hillside Road, SE

    4620 Hillside Road, SE

    Multifamily

    Washington, DC
    Price: $350,000
    Size: 12,828 sqft
    Size: 14 units
    Cap Rate: 9.98%

  • 1415 T Street, Nw

    1415 T Street, Nw

    Multifamily

    Washington, DC
    Price: $190,000
    Size: 4,512 sqft
    Size: 07 units
    Cap Rate: 9.51%

In The News

  • AU's Kogod School of Business

    Peggy Brooks Smith was selected as a top professional in the field to serve on the newly-created Council of Business leaders supporting the school's Real Estate program.

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