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Glen Allen, Virginia

Richmond Office

Contact Our Office

4401 Waterfront Drive, Suite 230
Glen Allen, VA 23060
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Phone: (804) 802-6900

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Connect With Our Team

In 1971, Marcus & Millichap was founded on a unique set of principles to maximize value for real estate investors and, in the process, revolutionized the brokerage industry.

Benjamin Yelm

Benjamin Yelm

Vice President/Regional Manager
Direct: (843) 952-2300
Charles Gallagher

Charles Gallagher

Sales Manager
Direct: (843) 952-2252
View Richmond agents & originators

The Richmond Office

The Richmond office of Marcus & Millichap provides real estate investment sales, research information and advisory services for multifamily, retail, office, single-tenant net-lease, self-storage, seniors housing, manufactured homes, hospitality, land and special assets. Richmond agents leverage the firm's national marketing platform to provide real estate investors with access to the industry's largest inventory of deliverable commercial property as well as to the largest pool of qualified private and institutional buyers and sellers. Investment specialists conduct business within the Mid-Atlantic market and throughout the state of Virginia. The office also offers loan origination services through Marcus & Millichap Capital Corporation (MMCC) representatives.

CURRENT MID-ATLANTIC LISTINGS

Your Property Search Starts Here

Finding the right investment opportunity is easy when choosing from the industry’s largest, most diverse collection of exclusive commercial real estate listings. Start your search now.

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Net Lease

Walgreens

McMurray, PA

Years Remaining On Lease: 63.4

Cap Rate: 5.25%

Listing Price: $10,304,761

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CVS Pharmacy | 14+ Year Lease | True NNN

Perry Hall, MD

Years Remaining On Lease: 14.5

Cap Rate: 5.35%

Listing Price: $7,647,215

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Medical Office

Mary Washington Healthcare - Cosner

Fredericksburg, VA

Gross SF: 19,378

Cap Rate: 7.39%

Listing Price: $5,450,000

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Dollar General

Painter, VA

Years Remaining On Lease: 7.3

Cap Rate: 6.25%

Listing Price: $1,713,000

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Walmart Neighborhood Market (Dark)

Richmond, VA

Years Remaining On Lease: 8.1

Cap Rate: 7.50%

Listing Price: $8,967,013

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Citizens Bank - Bellevue, PA

Bellevue, PA

Years Remaining On Lease: 2.9

Cap Rate: 7.35%

Listing Price: $2,840,635

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Office

The Federal Building - Multifamily Conversion

Harrisburg, PA

Price/Gross SF: $71.66

Listing Price: $18,000,000

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Office

1712 14th St NW

Washington, DC

Cap Rate: 0.01%

Listing Price: $5,750,000

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Office

1341 Connecticut Ave NW

Washington, DC

Cap Rate: 1.00%

Listing Price: $5,750,000

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Industrial

Keurig Dr Pepper Distribution Center

Aspers, PA

Price/Gross SF: $65.21

Listing Price: $14,215,000

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Chipotle | 15 Years Remaining | Drive-Thru Location

Waynesboro, VA

Years Remaining On Lease: 15.4

Cap Rate: 4.00%

Listing Price: $2,173,750

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Take 5 Oil Change | 15 Years Remaining | Largest Franchisee

Waynesboro, VA

Years Remaining On Lease: 15.0

Cap Rate: 5.00%

Listing Price: $1,400,000

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Aspen Dental | 10 Years Remain | Newest Prototype

Waynesboro, VA

Years Remaining On Lease: 10.0

Cap Rate: 5.25%

Listing Price: $2,600,000

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Arby's Sale-Leaseback | New 20-Year Absolute NNN Lease | 158-Unit Franchisee

Vienna, WV

Cap Rate: 4.75%

Listing Price: $2,712,357

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Curaleaf Cannabis Dispensary

Wayne, PA

Years Remaining On Lease: 9.9

Cap Rate: 6.00%

Listing Price: $3,718,400

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Properties

RECENT MID-ATLANTIC RESEARCH

Essential Market Insights

Marcus & Millichap’s research services division is dedicated to providing our clients with cutting-edge market research and innovative insights. Browse our recent reports and videos focused on your areas of interest.

VIEW ALL MID-ATLANTIC RESEARCH VIEW ALL U.S. & CANADA RESEARCH
Research Video Image

Research Video

What the Inflation Move Means for Interest Rates

August 15, 2022

GDP

Research Brief

Inflation

August 2022

mm hospitality

Special Report

Hospitality National Report

Midyear 2022

Employment

Research Brief

Employment

August 2022

Research Video Image

Research Video

What Capital Migration Trends Mean for CRE

August 8, 2022

Philadelphia Research

Market Report

Philadelphia Hospitality Market Report

Midyear 2022

Washington DC Research

Market Report

Washington, D.C. Hospitality Market Report

Midyear 2022

Research Video Image

Research Video

What the GDP Numbers and Rate Increase Mean for CRE

August 1, 2022

Housing

Research Brief

Housing

July 2022

IPA GDP Research

Research Brief

Gross Domestic Product

July 2022

Research Video Image

Research Video

Has CRE Momentum Shifted to the Suburbs?

July 25, 2022

Office

Research Brief

Office Market

July 2022

Retail

Research Brief

Retail Sales

July 2022

GDP

Research Brief

Inflation

July 2022

Research Video Image

Research Video

Implications of Rising Inflation for CRE

July 18, 2022

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Research

RECENT NEWS & EVENTS

The Latest News Impacting Your Investment

Stay informed with the news and events impacting your investment strategy.

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GlobeSt.com

Media

What The Latest Inflation Numbers Mean For CRE

Inflation should slowly come down over the next several months, but this isn’t necessarily tied to the Federal Reserve’s rate hikes.

August 17, 2022

Wealth Management

Media

Increased Cost of Capital Forces a Reset of Multifamily Valuations

Buyers are beginning to ask for discounts and some deals fall through. But experts say the disturbance in the sector is based on “short-term uncertainty.”

August 12, 2022

GlobeSt.com

Media

CRE Investment Money Is on the Move Among US States

Shifting from one set of states to another, the movement could inform strategies.

August 10, 2022

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Video

TD Ameritrade: CRE Market Strong through Second Quarter; Investors Adapting to Market Forces as Headwinds Emerge

TD Ameritrade Features Marcus & Millichap CEO Hessam Nadji: CRE Market Strong through Second Quarter; Investors Adapting to Market Forces as Headwinds Emerge

August 09, 2022

Wright-Apartments

Press Releases

Marcus & Millichap Announces $24 Million Sale of Winchester Virginia Apartments

Marcus & Millichap announced today the sale of Pine Plaza and Wright Apartments, a 195-unit apartment portfolio located in the Winchester submarket of Virginia.

August 09, 2022

ICSC Florida
Industry Events

ICSC@Florida

Orange County Convention Center, Orlando, FL
August 28 – August 30, 2022
911 Westover Avenue

Press Releases

Marcus & Millichap Brokers $1.4 Million Norfolk Apartment Sale

Marcus & Millichap announced today the sale of 911 Westover Avenue, an eight-unit apartment building located in Norfolk, Virginia.

August 08, 2022

Commercial Property Executive

Media

Abushagur a CPE Star to Watch

Adam Abushagur, 32 Senior Managing Director of Investments, Marcus & Millichap

August 04, 2022

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Video

Yahoo Finance: Commercial Real Estate in a Rising Interest Rate Climate; Market Forces and the Opportunities Investors See

Yahoo Finance Features Marcus & Millichap President and CEO Hessam Nadji: Commercial Real Estate in a Rising Interest Rate Climate; Market Forces and the Opportunities Investors See

August 01, 2022

ICSC

Media

Sale-Leasebacks Generate Cash — and Right Now, Retailers Need It

In response to the onslaught of supply chain issues, labor shortages, inflation and rising interest rates, many retailers have embraced an asset-light strategy, employing the time-tested sale-leaseback to generate cash.

August 01, 2022

Elberon

Press Releases

Marcus & Millichap Announces $5 Million Sale of Columbia Heights Apartments

Marcus & Millichap announced today the sale of Elberon, a 19-unit apartment property located in the Columbia Heights neighborhood of Washington, D.C.

August 01, 2022

2022 WCREF Conference
Industry Events

2022 Western States CREF Conference

ARIA Resort & Casino, Las Vegas, NV
September 7 – September 9, 2022
SSA 2022 Fall Conference & Trade Show
Industry Events

SSA 2022 Fall Conference & Trade Show

MGM Grand, Las Vegas, NV
September 8 – September 9, 2022
GlobeSt.com

Media

Mastering the Art of Successful Negotiations

Being an expert negotiator in any setting begins with developing versatile negotiation techniques that can be adapted to fit any scenario.

July 28, 2022

GlobeSt.com

Media

CRE Continues to Pivot Toward the Suburbs

Downtown apartment vacancy rates posted the most dramatic one-year increase on record last year.

July 26, 2022

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News & Events