Marcus & Millichap Closes $27 Million Wawa Portfolio Sale in a 1031 Exchange
Marcus & Millichap, a leading commercial real estate brokerage firm, has announced the $27,142,794 sale of a four-property Wawa portfolio in Newtown, Pottstown, Warrington, and Fairless Hills, Pennsylvania. The sale marks the completion of a 1031 exchange for a client, who had previously sold two shopping centers in Bucks County. Scott Woodard, senior director investments, and Derrick Dougherty, senior managing director investments, brokered the sales on behalf of the buyer, a Bucks County-based private investor.
Key Takeaways:
- Marcus & Millichap represented a buyer in the sale of a four-property Wawa portfolio for $27.1 million, with the properties located in Newtown, Pottstown, Warrington, and Fairless Hills, Pennsylvania.
- The sale was part of a 1031 exchange, with the buyer aiming to optimize their investment by acquiring high-traffic, corporate-backed locations with less management requirements.
- Scott Woodard and Derrick Dougherty, senior investment brokers, coordinated the sale with the seller, a large regional developer, local private owner, and East Coast-based owner and operator.
- In March 2025, Woodard and Dougherty brokered the sales of two shopping centers in Newton and Bensalem, Pennsylvania, to begin the 1031 exchange process on behalf of the client.
- The properties in Newtown and Pottstown were built in 2025, with the Warrington Wawa constructed in 2025 and the Fairless Hills Wawa built in 2023.
- About Marcus & Millichap, Inc., the company has over 1,712 investment sales and financing professionals in over 80 offices, providing investment brokerage and financing services to sellers and buyers of commercial real estate.
- In 2024, Marcus & Millichap closed 7,836 transactions with a sales volume of approximately $49.6 billion.
Statistics:
- Sale price: $27,142,794
- Number of properties sold: 4
- Total square footage: Approximately 5,000-5,585 square feet for each property
- Number of investment sales and financing professionals: 1,712
- Number of offices: Over 80
- Transactions closed in 2024: 7,836
- Sales volume in 2024: $49.6 billion
Sources:
- Marcus & Millichap Closes $27 Million Wawa Portfolio Sale in a 1031 Exchange, August 2025, retrieved from https://www.marcusmillichap.com/news-events/press/2025/08/marcus-millichap-closes-27-million-wawa-portfolio-sale-in-a-1031-exchange
- About Marcus & Millichap, Inc., retrieved from https://www.marcusmillichap.com/about-us