Press Releases
Marcus & Millichap Brokers $5.95 Million Sale of Dental Office Portfolio in Western Massachusetts
November 06, 2026
WESTERN MASSACHUSETTS, Nov. 6, 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 of a five-property dental office portfolio consisting of dental condominiums and a freestanding dental office building located throughout the Pioneer Valley region of Western Massachusetts. The portfolio sold for $5.95 million.
“The mix of dental condominiums and freestanding buildings made this a unique transaction, as some investors can be hesitant to pursue condominium assets,” said Kobe Gaskin, associate investments. “Ultimately, the buyers recognized the value of having an established national dental operator occupying these locations and the long-term stability that specialized medical properties can provide.”
Gaskin, Billy Skoch and Chris Mitchel, investment specialists in Marcus & Millichap's Cleveland office, in association with Thomas Shihadeh, Marcus & Millichap’s Massachusetts broker of record, had the exclusive listing to market the property on behalf of the seller. The portfolio was acquired by two separate buyers, one based locally and the other based in Utah.
“Despite continued uncertainty in the debt market, we are still seeing strong investor interest in well-priced properties,” Gaskin said. “Dental and medical office assets remain attractive due to their specialized buildouts and the long-term nature of their tenancy, which can provide stability for investors even in a higher interest rate environment.”
The portfolio consists of four dental office condominiums and one single-tenant, net-leased dental office building occupied by practices affiliated with Dental Care Alliance, a national dental support organization serving more than 400 practices across 22 states. The properties feature specialized dental office layouts, including treatment rooms, imaging areas and equipment installations, and are situated within established commercial and medical corridors throughout Western Massachusetts. The new owners intend to maintain existing operations and hold the properties as long-term investments.
The five properties are located at 29 Broad St. in Westfield; 93 Van Deene Ave. in West Springfield; 1795 Main St. in Springfield; 33 Riddell St. in Greenfield; and 77 Winsor St. in Ludlow.
“The mix of dental condominiums and freestanding buildings made this a unique transaction, as some investors can be hesitant to pursue condominium assets,” said Kobe Gaskin, associate investments. “Ultimately, the buyers recognized the value of having an established national dental operator occupying these locations and the long-term stability that specialized medical properties can provide.”
Gaskin, Billy Skoch and Chris Mitchel, investment specialists in Marcus & Millichap's Cleveland office, in association with Thomas Shihadeh, Marcus & Millichap’s Massachusetts broker of record, had the exclusive listing to market the property on behalf of the seller. The portfolio was acquired by two separate buyers, one based locally and the other based in Utah.
“Despite continued uncertainty in the debt market, we are still seeing strong investor interest in well-priced properties,” Gaskin said. “Dental and medical office assets remain attractive due to their specialized buildouts and the long-term nature of their tenancy, which can provide stability for investors even in a higher interest rate environment.”
The portfolio consists of four dental office condominiums and one single-tenant, net-leased dental office building occupied by practices affiliated with Dental Care Alliance, a national dental support organization serving more than 400 practices across 22 states. The properties feature specialized dental office layouts, including treatment rooms, imaging areas and equipment installations, and are situated within established commercial and medical corridors throughout Western Massachusetts. The new owners intend to maintain existing operations and hold the properties as long-term investments.
The five properties are located at 29 Broad St. in Westfield; 93 Van Deene Ave. in West Springfield; 1795 Main St. in Springfield; 33 Riddell St. in Greenfield; and 77 Winsor St. in Ludlow.
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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.
