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 6405, 6415, and 6425 Dobbin Center Way, a 7,797-square-foot property located in Columbia, Maryland. The asset sold for $5,650,000.
Dean Zang and David S. Crotts, investment specialists in Marcus & Millichap’s Washington, D.C. office, sold the property on behalf of the seller. Crotts and Zang also procured the buyer, Wills Group, the parent company of Dash In convenience stores, a regional convenience store operator and fuel supplier.
“This was a highly unique asset. It is favorably zoned NT and grandfathered for petroleum use which made it of interest to a variety of buyer profiles ranging from local investors to developers, larger national family offices, and also users. Multiple offers were received from each of the various buyer types. The ultimate purchaser, a user, saw the longer-term opportunity to acquire a site with strong cash flow that may create a redevelopment opportunity in the future,” says Zang.
Matt Wilcox, senior real estate manager of The Wills Group, added,“We are actively looking to grow our footprint regionally, and this site presented a rare opportunity to get a stronger foothold in the Columbia market, a market we have liked for years.”
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, 2022, the company had 1,904 investment sales and financing professionals in 81 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 12,272 transactions in 2022, with a sales volume of approximately $86.3 billion. For additional information, please visit www.MarcusMillichap.com.
About the Wills Group, Inc.
Headquartered in La Plata, Maryland, the Wills Group has nearly 300 retail locations across the Mid-Atlantic region, including Dash In, Splash In ECO Car Wash, and SMO Motor Fuels. A family-owned company since 1926 with expertise in convenience retailing, fuels marketing, and commercial real estate, the Wills Group prides itself on keeping customers’, employees’ and communities’ Lives in Motion. For more information about the Wills Group, visit willsgroup.com.
