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 Mavis Discount Tire, a 6,890-square foot net-leased property located in Pickens, SC, according to Benjamin Yelm, regional manager of the firm’s Charleston office. The asset sold for $3,200,000.
Andrew Margulies, Harrison Creason, and Jason Jolly of Marcus & Millichap’s Charleston office had the exclusive listing to market the property.
Mavis Discount Tire is located at 529 Ann St in Pickens, SC. This property sits in the Greenville metropolitan statistical area, only 20 miles from Greenville as well as Clemson University. In addition, this Mavis Discount Tires is adjacent to a heavy-traffic shopping center with a dominant regional grocer. This recession-resistant tenant holds over 1,000 locations across 29 states and brings in $1.5 billion in annual revenue.
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.
