Press Releases
Marcus & Millichap Arranges the Sale of a 45,270-square-foot Walmart Shadow Center
May 08, 2023
COLUMBIA, S.C., May 8, 2023 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announces the sale of Garners Ferry Crossing, a 45,270 square-foot Walmart Shadow Center located in Columbia, S.C., for $7,850,000 for a 7.5% cap rate according to John M. Leonard, regional manager of the firm’s Atlanta office.
“Leveraging from vast network of relationships and meticulously developed vetting process, my team was able to identify a high-caliber buyer, who closed on contract terms. I have known Peter Hogan with Rotella Group for several years, who represented the Buyer,” said Al Taf, the senior vice president of investments at Marcus & Millichap. Al Taf works out of Atlanta Office of Marcus and Millichap since 1999.
Taf, an investment specialist in Marcus & Millichap’s Atlanta office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust. Broker of Record, Ben Yelm, enabled a seamless transaction.
Garners Ferry Crossing is located at 7546 Garners Ferry Rd in Columbia, S.C. at the signalized intersection with Daphne Road. The center’s tenants include a variety of retail, dining and service-based businesses including: Dollar Tree, Shoe Show, Cato, GameStop, H&R Block, Boost Mobile, American Deli, Kathy’s, Nails, JD’s Fashions, and Regional Finance Corporation.
“Leveraging from vast network of relationships and meticulously developed vetting process, my team was able to identify a high-caliber buyer, who closed on contract terms. I have known Peter Hogan with Rotella Group for several years, who represented the Buyer,” said Al Taf, the senior vice president of investments at Marcus & Millichap. Al Taf works out of Atlanta Office of Marcus and Millichap since 1999.
Taf, an investment specialist in Marcus & Millichap’s Atlanta office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust. Broker of Record, Ben Yelm, enabled a seamless transaction.
Garners Ferry Crossing is located at 7546 Garners Ferry Rd in Columbia, S.C. at the signalized intersection with Daphne Road. The center’s tenants include a variety of retail, dining and service-based businesses including: Dollar Tree, Shoe Show, Cato, GameStop, H&R Block, Boost Mobile, American Deli, Kathy’s, Nails, JD’s Fashions, and Regional Finance Corporation.
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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, 2023, the company had 1,783 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 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.
