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Marcus & Millichap Facilitates $5.2M Sale Of Fully Leased Shopping Center In Great Falls

Property Image
SOLD
$5,200,000
Josh Ein
Dean Zang
David Crotts

Virginia

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Retail5,760 SF
Sold 08/02/2023
the dealplayerscompscontact
Property Image
SOLD

Marcus & Millichap Facilitates $5.2M Sale Of Fully Leased Shopping Center In Great Falls

1024 Seneca Road Great Falls, Virginia 22066, USA

See Similar Deals
Retail5,760 SF
Sold 08/02/2023
Josh Ein
Dean Zang
David Crotts
the dealplayerscompscontact
Contact now

Summary

VIRGINIA
Asset Type:Retail
Price Per Square Foot:$902
Total Square Footage:5,760 SF
Transaction Type:Sale

The $5.2 million sale of Seneca Corner, a fully leased shopping center in Great Falls, VA, has been facilitated by Marcus & Millichap. The property, located at 1024 Seneca Rd, spans 5,760 square feet and boasts a price per square foot of $903. The retail asset is home to popular tenants such as Jersey Mike's, Domino's, and Five Guys.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $5,200,000
  • Address: 1024 Seneca Rd, Great Falls, VA
  • Market: Great Falls, VA
  • Brokers: David Crotts, Dean Zang, Josh Ein - Marcus & Millichap
  • Square Footage: 5,760
  • Price per Square Foot: $903

The sale of Seneca Corner was arranged by Dean Zang, David Crotts, and Josh Ein of Marcus & Millichap. They represented the seller, an entity related to the Republic Family of Cos. The deal highlights the expertise and successful collaboration of these brokers in the retail market.

Players

Dean Zang
Institutional Property Advisors
Dean Zang
18 deals$193.9M volume
BROKER
David Crotts
Institutional Property Advisors
David Crotts
18 deals$193.9M volume
BROKER
Josh Ein
Marcus & Millichap
Josh Ein
2 deals$29.7M volume
BROKER

Details

SOLD
IMAGE: Dean Zang, David Crotts & Josh Ein DATE: 08/02/2023 ADDRESS: 1024 Seneca Rd MARKET: Great Falls, VA ASSET TYPE: Retail BROKERS: David Crotts, Dean Zang (@ZangIsMyName) & Josh Ein - Marcus & Millichap SALE PRICE: $5,200,000 SF: 5,760 ~ PPSF: $903 NOTE: Marcus & Millichap has facilitated the $5.2 million sale of Seneca Corner, a fully leased shopping center in Great Falls, near Washington, D.C. The 5,760-square-foot property includes tenants such as Jersey Mike’s, Domino’s, and Five Guys, and the sale was arranged by Dean Zang, David Crotts, and Josh Ein of Marcus & Millichap on behalf of the seller, an entity related to the Republic Family of Cos.

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