Hampton Roads 7-Eleven Portfolio Trades for $24M
ByHampton, Va.—Marcus & Millichap recently announced that it has closed the sale of a nine-property portfolio located throughout the Tidewater region of Virginia for $23.6 million. The properties are leased to 7-Eleven Inc. and three of them are situated in Hampton, two in Williamsburg, Va. and the others are located in Poquoson, Va., Newport, Va., News, Va., Gloucester, Va. and Surry, Va.
A privately held local owner sold the assets to an undisclosed REIT. Marcus & Millichap’s Senior Managing Director Mark Taylor, First Vice President of Investments Derrick Dougherty and Associate David Becattini represented the seller and procured the buyer. The company’s broker of record in Virginia was Bryn Merrey, senior vice president & division manager at the firm’s Washington, D.C. office…