Marcus & Millichap Arranges the $3.5M Sale of a 94,090 SF Land Property

Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of the Element Development Site located in North Charleston, S.C. The 94,090-square-foot plot of land sold for $3.5 million, according to Benjamin Yelm, regional manager of the firm’s offices in the Carolinas.

Jack Davis, Joce Messinger, Josh Williams and Chase Dewese, investment specialists in Marcus & Millichap’s Charleston & Charlotte Uptown offices, had the exclusive listing to market the property on behalf of the seller, a private investor. The subject property is located at 4865 N. Arco Ln in North Charleston, S.C., which is in significant proximity to the Charleston International Airport, Boeing, Joint Base Charleston and the Charleston Area Convention Center. 

About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.