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Marcus-led Multistate Team Completes Two Multifamily Sales in South Carolina – Real Estate NJ


In recent real estate transactions facilitated by Marcus & Millichap brokers, an apartment owner in the Southeast has successfully sold two properties totaling 360 units in Columbia, South Carolina. The properties involved are the Austin Woods, a 240-unit garden-style complex located at 7648 Garners Ferry Road, and the Mallard Pointe, a 120-unit garden-style complex located at 1101 Hallbrook Drive. Both complexes are situated less than eight miles from downtown Columbia and the University of South Carolina, making them appealing to potential investors due to their proximity to major employment centers.

The successful sale was credited to the collaborative efforts of brokers Drew Babcock, Chez Eider, Will Balthrope, and Drew Garza, who represented the seller and procured the buyer. The terms of the deal were not disclosed, but the properties, originally opened in 1975 and 1974, were noted to offer strong value-add opportunities despite the challenges in the market. With Austin Woods offering amenities like a swimming pool and tennis court, and Mallard Pointe featuring a private lake and playground, the complexes cater to a variety of tenant needs.

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