Marcus & Millichap Brokers the Sale of Nolia Apartments

SUMMERVILLE, S.C., September 12, 2023 - 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 Nolia Apartments, a 32-unit multifamily property located in Summerville, South Carolina. The property sold for an undisclosed price.

Ryan Lipomi, Will Graves and Nate McDaniel, investment specialists with Marcus & Millichap, had the exclusive listing to market the property on behalf of the seller.

"We were able to generate multiple local and out-of-state offers on this recently renovated asset in the heart of Summerville," says Lipomi. "This was a great transaction to be a part of and I thank all parties involved."

Nolia Apartments is located at 401 E 3rd N St in Summerville. Built in 1984 on 1.30 acres of land, the property was renovated in 2020 and is within walking distance to the South Main Street retail corridor.

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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, 2022, the company had 1,904 investment sales and financing professionals in 81 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 12,272 transactions in 2022, with a sales volume of approximately $86.3 billion. For additional information, please visit www.MarcusMillichap.com.