Press Releases
Marcus & Millichap Brokers Sale and Financing of Industrial Property in North Carolina’s Inner Banks
July 01, 2026
ROBERSONVILLE, N.C., July 1, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale and financing of Flagstone Foods, a single-tenant industrial property in Robersonville, North Carolina. The asset sold for $3,350,000. Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap, secured financing.
“The sale of the Flagstone Foods warehouse in Robersonville is a good example of the strong investor demand for industrial investments with established tenants that provide passive income,” said Andrew Margulies, senior managing director investments. “We procured more than a dozen offers during the marketing process and sold the property at 96% of the asking price. The buyer sourced a new loan through Marcus & Millichap Capital Corporation.”
Margulies, Holly Smith and Harrison Creason of Marcus & Millichap exclusively marketed the property on behalf of the seller. The buyer was procured by Woodlock Capital. Todd Phillips, managing director based in the firm’s Raleigh office, secured the financing with a regional credit union on behalf of the buyer.
Located at 5883 Robersonville Products Road, the 146,164-square-foot building sits on a 30-acre lot. Built in 1970, the building is 96% warehouse with the remaining 4% serving as office space. The property has 11 docks and is fully conditioned and compliant with food storage and distribution standards.
It is near the U.S. Route 64/Interstate 87 corridor, approximately 20 miles to Greenville, and close to the Martin County Airport, the North Carolina Rail & Commerce Park, and the Kingsboro CSX and Pitt County megasites.
“The sale of the Flagstone Foods warehouse in Robersonville is a good example of the strong investor demand for industrial investments with established tenants that provide passive income,” said Andrew Margulies, senior managing director investments. “We procured more than a dozen offers during the marketing process and sold the property at 96% of the asking price. The buyer sourced a new loan through Marcus & Millichap Capital Corporation.”
Margulies, Holly Smith and Harrison Creason of Marcus & Millichap exclusively marketed the property on behalf of the seller. The buyer was procured by Woodlock Capital. Todd Phillips, managing director based in the firm’s Raleigh office, secured the financing with a regional credit union on behalf of the buyer.
Located at 5883 Robersonville Products Road, the 146,164-square-foot building sits on a 30-acre lot. Built in 1970, the building is 96% warehouse with the remaining 4% serving as office space. The property has 11 docks and is fully conditioned and compliant with food storage and distribution standards.
It is near the U.S. Route 64/Interstate 87 corridor, approximately 20 miles to Greenville, and close to the Martin County Airport, the North Carolina Rail & Commerce Park, and the Kingsboro CSX and Pitt County megasites.
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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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
