NYSE: MMI

Glen Allen, Virginia

Richmond Office

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

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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

Regional Manager

Direct: (843) 952-2300

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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.

VIEW AVAILABLE MID-ATLANTIC LISTINGS VIEW AVAILABLE U.S. & CANADA LISTINGS

Medical Office

Mine Safety & Health Administration (GSA)

Madison, WV

Gross SF: 9,047

Cap Rate: 7.25%

Listing Price: $1,613,553

Office

Winchester VA Government/Medical Office

Winchester, VA

Price/Gross SF: $121.60

Cap Rate: 7.89%

Listing Price: $4,148,000

Apartments

Waverly Walk

Philadelphia, PA

Number of Units: 12

Cap Rate: 5.11%

Listing Price: $3,300,000

Apartments

Marina Point Apartments

Chesapeake, VA

Number of Units: 104

Listing Price: Request For Offer

Industrial

Edison Hwy Industrial

Baltimore, MD

Price/Gross SF: $66.67

Cap Rate: 2.43%

Listing Price: $1,200,000

Net Lease

Taco Bell Mercer PA

Mercer, PA

Years Remaining On Lease: 12.9

Cap Rate: 6.09%

Listing Price: $1,661,366

Apartments

731 & 739 W 38th Street

Norfolk, VA

Number of Units: 8

Cap Rate: 7.00%

Listing Price: $856,000

Office

6855 Deerpath Rd

Elkridge, MD

Price/Gross SF: $110.00

Cap Rate: 6.25%

Listing Price: $4,400,000

Retail

2 National Tenant Strip | Low Management Offering | Richmond, VA MSA

Chesterfield, VA

Price/Gross SF: $350.84

Cap Rate: 6.00%

Listing Price: $1,578,783

Office

Essex Medical Center

Essex, MD

Price/Gross SF: $150.31

Cap Rate: 8.18%

Listing Price: $1,375,000

Industrial

Westinghouse R&D Facility | Mission Critical | Absolute NNN

Pittsburgh, PA

Price/Gross SF: $329.41

Cap Rate: 7.00%

Listing Price: $18,744,442

Self-Storage

Extra Space Storage (Managed)

Baltimore, MD

Year Built: 1922

Cap Rate: 2.42%

Listing Price: $16,575,000

Apartments

1017 P Street NW

Washington, DC

Number of Units: 4

Cap Rate: 1.00%

Listing Price: $1,400,000

Net Lease

AutoZone | 20 Years Remain | Philadelphia, PA | Signalized Corner

Boothwyn, PA

Years Remaining On Lease: 20.2

Cap Rate: 4.00%

Listing Price: $1,725,000

Net Lease

Burger King

Wilmington, DE

Years Remaining On Lease: 18.8

Cap Rate: 5.00%

Listing Price: $3,104,407

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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

Health crisis July 6

Research Video

Is the U.S. Housing Shortage Poised to Get Worse?

July 26, 2021

mm multifamily

Special Report

Multifamily Midyear Outlook

Midyear 2021

mm hospitality

Special Report

Hospitality Midyear Outlook

Midyear 2021

mm industrial

Special Report

Industrial Midyear Outlook

Midyear 2021

mm office

Special Report

Office Midyear Outlook

Midyear 2021

mm retail

Special Report

Retail Midyear Outlook

Midyear 2021

Retail

Research Brief

Retail Sales

Rising Prices Fuel Increase in Retail Sales in June

Health crisis July 6

Research Video

Is Rising Inflation a Growing Concern for Real Estate?

July 19, 2021

Health crisis June 1

Research Video

Deal Maker Live Presentation: U.S. Multifamily Outlook

July 16, 2021

Will distressed

Research Video

Return to Office Could Have Major Impact on Real Estate

July 12, 2021

mm seniors housing

Special Report

Seniors Housing Midyear Outlook

Midyear 2021

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Special Report

Skilled Nursing Midyear Outlook

Midyear 2021

Three ways

Research Video

Will a Summer Travel Surge Bolster CRE Performance?

July 6, 2021

Employment

Research Brief

Employment

Job Creation Speeds Up in June, Some Hurdles Yet to Be Cleared

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Special Report

Global Capital Outlook

Midyear 2021

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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.

VIEW ALL MID-ATLANTIC NEWS & EVENTS VIEW ALL NEWS & EVENTS

Media

CRE Transactions Reach Pre-Pandemic Levels In Q2

The hot industrial and apartment sectors posted the strongest second quarter on record for sales across all deal structures.

July 26, 2021

Media

2021 Top Mortgage Brokers and Lenders

Michael Derk has more than 10 years of commercial real estate finance experience and has closed more than $1 billion in transactions.

July 23, 2021

MediaAppearance7.21

Video

Fox Business: Can CRE Resurgence Last?

Marcus & Millichap’s President and CEO Hessam Nadji joins Steve Forbes and Shana Sissel on Fox Business: What Post-pandemic Resurgence, Hybrid Work Models Mean for the Future of CRE

July 19, 2021

ReBusiness Online

Media

‘Power Panel’ at InterFace Event Provides Positive Outlook for Student Housing Sector Post-COVID-19

‘Power Panel’ at InterFace Event Provides Positive Outlook for Student Housing Sector Post-COVID-19

July 15, 2021

New York Times

Media

New York Times: New Tax Proposals Take Aim at 1031 Exchange Transactions

The New York Times Features Marcus & Millichap’s President and CEO Hessam Nadji New Tax Proposals Take Aim at 1031 Exchange Transactions

July 15, 2021

Media

Here’s What All That WFH Uncertainty Means For Retail and Housing

Even a partial return to the office could revive demand for retail in the urban core.

July 14, 2021

Media

Honoring Net Lease Professionals

GlobeSt.com and GlobeSt. Real Estate Forum are pleased to reveal the 2021 selection for Influencers in Net Lease.

July 08, 2021

Media

New Demand Could Offset Drag from Hybrid Work

Marcus & Millichap CEO Hessam Nadji told CNBC hybrid work is sustainable, but as the economy reconfigures demand will increase for new space.

July 07, 2021

Media

Summer Travel Boom Helps Drive Record Household Formation

Household formation is forecast to reach 2.1 million in 2022—the highest level on record.

July 08, 2021

Marcus & Millichap

Press Releases

Marcus & Millichap Arranges Sale Of 25-Unit Apartment Building

Marcus & Millichap announced the sale of Coba Apartments, a 25-unit apartment property located in Harrisburg, PA

July 07, 2021

CNBC Interview 7.21

Video

CNBC News: Real Estate Resilience Fuels Growth in Post-Pandemic Rejuvenation

CNBC News Features Marcus & Millichap’s President and CEO Hessam Nadji Real Estate Resilience Fuels Growth in Post-Pandemic Rejuvenation

July 06, 2021

Media

Medical Office Draws More Investors Post Pandemic

The rise in population aged 65 and older and a rise in elective procedures and routine appointments could increase the number of buyers of sub-$10 million on- and off-campus assets this year.

July 06, 2021

Media

Hospitality Portfolio Trades for $225M With Eye on Conversion

Lockwood Development Partners bought a nine-asset portfolio with plans for repositioning them into affordable housing.

July 06, 2021

2021 AAHOA Convention & Trade Show

Industry Events

2021 AAHOA Convention & Trade Show

Kay Bailey Hutchison Convention Center, Dallas, TX

August 3 – August 6, 2021

GlobeSt.com

Media

White House Says Materials Shortages 'May Be Short-Lived'

Supply shortages are also exacerbated by a lack of skilled labor, and those problems won’t be solved by falling materials prices and resolved supply issues.

June 28, 2021

Keep Exploring

News & Events