Press Releases
Marcus & Millichap Arranges $4.75M Sale of Industrial Property in Martinsburg, W.Va.
June 02, 2025
MARTINSBURG, W.Va., June 2, 2025 – 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 5158 Williamsport Pike, a 67,200-square-foot industrial property in Martinsburg, West Virginia. The property sold for $4.75 million in an all-cash transaction.
“With a Fortune 500 tenant like Pepsi and immediate proximity to I-81, this facility stood out as a high-quality opportunity,” said Kyle Malin, associate. “The buyer intends to lease up the property and hold it as a core asset in their portfolio, which aligns with the growing interest we’re seeing in this corridor for both single-tenant and multi-tenant assets. Investors and tenants alike are increasingly prioritizing accessibility to major markets like Washington, D.C., and Baltimore, without the premiums associated with Beltway-adjacent locations. This deal underscores our platform’s strength in connecting out-of-state sellers with the right local buyers.”
Malin and Brian Chupek, investment specialists in Marcus & Millichap’s Baltimore office, had the exclusive listing to market the property on behalf of the Los Angeles-based seller and procured a Maryland-based buyer. Grant Fitzgerald is the firm’s broker of record in West Virginia.
The property sits on 7.61 acres less than 80 miles from the Washington, D.C., metro area. Pepsi currently occupies the facility under a lease that runs through May 31, 2025. The tilt-up concrete construction building includes a recently replaced roofing system, 28- to 32-foot clear heights, a 34-foot full deck height, seven trailer dock doors, two trash removal doors, nine levelers, single and double-wide drive-ins, and a 15-ton interior gantry crane.
“With a Fortune 500 tenant like Pepsi and immediate proximity to I-81, this facility stood out as a high-quality opportunity,” said Kyle Malin, associate. “The buyer intends to lease up the property and hold it as a core asset in their portfolio, which aligns with the growing interest we’re seeing in this corridor for both single-tenant and multi-tenant assets. Investors and tenants alike are increasingly prioritizing accessibility to major markets like Washington, D.C., and Baltimore, without the premiums associated with Beltway-adjacent locations. This deal underscores our platform’s strength in connecting out-of-state sellers with the right local buyers.”
Malin and Brian Chupek, investment specialists in Marcus & Millichap’s Baltimore office, had the exclusive listing to market the property on behalf of the Los Angeles-based seller and procured a Maryland-based buyer. Grant Fitzgerald is the firm’s broker of record in West Virginia.
The property sits on 7.61 acres less than 80 miles from the Washington, D.C., metro area. Pepsi currently occupies the facility under a lease that runs through May 31, 2025. The tilt-up concrete construction building includes a recently replaced roofing system, 28- to 32-foot clear heights, a 34-foot full deck height, seven trailer dock doors, two trash removal doors, nine levelers, single and double-wide drive-ins, and a 15-ton interior gantry crane.
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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, 2024, the company had 1,712 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 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
