Apr
07

Shandon Crossing Apartments Sold for $19,737/Unit

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Marcus & Millichap Real Estate Investment Services has announced the sale of Shandon Crossing, a 152-unit apartment property located in Columbia, SC, according to Raj Ravi, regional manager of the firm’s Charleston office. The asset sold for $3,000,000.

Mark Boyce, Andrew Mays & Paul Vetter, investment specialists in Marcus & Millichap’s Charleston office, had the exclusive listing to market the property on behalf of the seller, a bank/financial institution.

Shandon Crossing is located at 504 South Beltline Boulevard in Columbia, SC. Shandon Crossing is comprised of 152 units and consists of 7 two story buildings. The property has a mix of 1, 2 and 3 bedroom units. There are 40 one bedroom, 104 two bedroom and 8 three bedroom units. All have fully equipped kitchens and spacious living areas. Water is master metered. The property was built in 1974 and was in the mid-60% occupancy range at the time of sale.

 

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