Press Releases
Marcus & Millichap Brokers Sale of 23,460-Square-Foot Mixed-Use Property in Charleston
April 16, 2025
CHARLESTON, S.C., April 16, 2025 – 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 1033 Wappoo Road, a 23,460-square-foot multi-tenant flex and retail property located in Charleston, South Carolina. The property sold for $4,039,350.
“This sale represents a great opportunity for new ownership to add value through strategic improvements and leasing,” said Harrison Creason, first vice president investments. “They’ve already made visible upgrades to the property and are actively backfilling some of the vacancies. With strong tenant interest and continued momentum in West Ashley, we’re confident this asset will benefit from the area’s long-term growth and proximity to downtown Charleston.”
Creason, Andrew Margulies, John Berger and Alex Buckman, investment specialists with Marcus & Millichap, had the exclusive listing to market the property on behalf of the seller, Granite Canyon Partners. The buyer, Adams Property Group, was also procured by Marcus & Millichap.
Located in Charleston’s West Ashley submarket, 1033 Wappoo Road includes five tenant spaces configured for retail, office and warehouse use. The property features 211 feet of frontage along a high-traffic corridor and is located near Ashley Oaks Shopping Center and Westwood Plaza.
“This sale represents a great opportunity for new ownership to add value through strategic improvements and leasing,” said Harrison Creason, first vice president investments. “They’ve already made visible upgrades to the property and are actively backfilling some of the vacancies. With strong tenant interest and continued momentum in West Ashley, we’re confident this asset will benefit from the area’s long-term growth and proximity to downtown Charleston.”
Creason, Andrew Margulies, John Berger and Alex Buckman, investment specialists with Marcus & Millichap, had the exclusive listing to market the property on behalf of the seller, Granite Canyon Partners. The buyer, Adams Property Group, was also procured by Marcus & Millichap.
Located in Charleston’s West Ashley submarket, 1033 Wappoo Road includes five tenant spaces configured for retail, office and warehouse use. The property features 211 feet of frontage along a high-traffic corridor and is located near Ashley Oaks Shopping Center and Westwood Plaza.
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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, 2024, the company had 1,712 investment sales and financing professionals in over 80 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 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
