The Dougherty Team Arranges $1.1M Sale of Mechanicsburg Westover Plaza
christopherwiener
Jun 18, 2024
1 min read
Mechanicsburg, PA, June 12th, 2024 – 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 Westover Plaza, a 8,980-square-foot property located at 6 Skyport Road, Mechanicsburg, PA, according to Tim Stephenson, regional manager of the firm’s Philadelphia office. The asset sold for $1,100,000.
Nick Geaneotes and Derrick Dougherty, investment specialists in Marcus & Millichap’s Philadelphia office, had the opportunity to represent the seller, a local residential and multifamily investor, and the buyer, a local Mechanicsburg investor.
“Westover Plaza is a well-positioned asset center along Skyport Road and Carlisle Pike with over 18,000 vehicles per day. The center is located within a major retail corridor with Aldi, Target, Hobby Lobby Home Depot, and Lowe’s,” said Nick Geaneotes.
“This sale serves as a testament to the power of effective collaboration, where both buyer and seller worked hand in hand, fostering open communication and a shared vision of success throughout the entire process.” said Derrick Dougherty.
Marcus & Millichap, Inc. is a leading national 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, 2023, the company had 1,783 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 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.
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