Press Releases
Marcus & Millichap Announces $10.45 Million Sale of Berkley Plaza in Goldsboro, North Carolina
March 06, 2024
GOLDSBORO, N.C., March 6, 2024 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Berkeley Plaza, a 101,812-square-foot shopping strip property located in Goldsboro, N.C. The property sold for $10,450,000.
“Berkely Plaza received a lot of interest from a variety of investors due to its strong occupancy history as a well-positioned regional shopping center,” says Andrew Margulies, senior vice president of investments. “The property has performed well despite today’s challenge of having Big Lots as an anchor tenant, and the buyer received a risk-adjusted return.”
Margulies, Harrison Creason and Harrison Jones, investment specialists in Marcus & Millichap’s Raleigh office, had the exclusive listing to market the property on behalf of the seller, a North Carolina based investor. The buyer was a North Carolina based family office, procured by Bold Commercial Real Estate.
Berkeley Plaza, located at 1312 Parkway Drive, contains three parcels totaling 9.14 acres. The shopping center is fully occupied and anchored by major retailers including Big Lot’s, Gold’s Gym, Staples, Books-A-Million, AT&T and US Armed Forces. The property is adjacent to Sam’s Club, and is within three miles of Seymour Johnson Airforce Base, Wayne UNC Healthcare and Wayne Community College.
“Berkely Plaza received a lot of interest from a variety of investors due to its strong occupancy history as a well-positioned regional shopping center,” says Andrew Margulies, senior vice president of investments. “The property has performed well despite today’s challenge of having Big Lots as an anchor tenant, and the buyer received a risk-adjusted return.”
Margulies, Harrison Creason and Harrison Jones, investment specialists in Marcus & Millichap’s Raleigh office, had the exclusive listing to market the property on behalf of the seller, a North Carolina based investor. The buyer was a North Carolina based family office, procured by Bold Commercial Real Estate.
Berkeley Plaza, located at 1312 Parkway Drive, contains three parcels totaling 9.14 acres. The shopping center is fully occupied and anchored by major retailers including Big Lot’s, Gold’s Gym, Staples, Books-A-Million, AT&T and US Armed Forces. The property is adjacent to Sam’s Club, and is within three miles of Seymour Johnson Airforce Base, Wayne UNC Healthcare and Wayne Community College.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.
