Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, has announced the sale of Lakewood Lodge, a 130-unit multifamily community in Hanahan, South Carolina.
“We were able to bring an out-of-state 1031 exchange buyer with an all-cash offer to the closing table in just two weeks. This transaction highlights the strong demand for well-located multifamily assets in today's market,” said Ryan Lipomi, senior director investments in Marcus & Millichap’s Charleston office.
Lipomi and William Graves Jr. of Marcus & Millichap facilitated the off-market transaction.
Lakewood Lodge is located at 6000 Mabeline Road in Hanahan and totals 156,100 square feet. The community comprises large one- and two-bedroom apartments. Amenities include a swimming pool, fitness center, business center, laundry facilities and boat storage. The property is near Interstates 26 and 526, providing access to major employment and retail corridors throughout the Charleston area.
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