Columbia Apartment Property Sells for $9.1 Million

MARCUS & MILLICHAP ARRANGES THE SALE OF
A 146-UNIT APARTMENT BUILDING

COLUMBIA, SC, April 13, 2020 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of River Ridge, a 146-unit apartment property located in Columbia, South Carolina, according to Benjamin Yelm, regional manager of the firm’s Charlotte Uptown office. The asset sold for $9,100,000.

Jim Davis and Nate McDaniel, multifamily investment specialists in Marcus & Millichap’s Charlotte Uptown office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. McDaniel and Ben Bury, investment specialist in Marcus & Millichap’s Charlotte Uptown office, procured the buyer, a limited liability company.


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River Ridge is located at 3638 Falling Springs Rd in Columbia, South Carolina. The property was constructed in 1969 on 3.11 acres.

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About Marcus & Millichap (NYSE: MMI)
With nearly 2000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 9,472 transactions in 2018 with a value of approximately $46.4 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.