Press Releases
Marcus & Millichap Brokers $3.63M Sale of Myrtle Beach Multifamily Asset
April 21, 2026
MYRTLE BEACH, S.C., April 21, 2026 – 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 Chicora Apartments, a 34-unit multifamily community in Myrtle Beach, South Carolina. The asset traded for $3,629,000.
“This property provides an ideal value-add opportunity in a prime location of Myrtle Beach,” said Will Graves Jr., senior director investments. “Our team created a competitive marketing process to achieve multiple offers with non-refundable money on day one.”
Will Graves Jr., Ryan Lipomi and Carson Ford of Marcus & Millichap represented the private seller.
Built in 1963, the property is located at 501 38th Ave. North on a 1.89-acre lot. The community totals approximately 31,000 rentable square feet and includes one-, two- and three-bedroom apartments with an average unit size of 912 square feet.
The property is positioned near Myrtle Beach’s primary retail and employment hubs, with access to major healthcare providers and tourism-related demand drivers.
“This property provides an ideal value-add opportunity in a prime location of Myrtle Beach,” said Will Graves Jr., senior director investments. “Our team created a competitive marketing process to achieve multiple offers with non-refundable money on day one.”
Will Graves Jr., Ryan Lipomi and Carson Ford of Marcus & Millichap represented the private seller.
Built in 1963, the property is located at 501 38th Ave. North on a 1.89-acre lot. The community totals approximately 31,000 rentable square feet and includes one-, two- and three-bedroom apartments with an average unit size of 912 square feet.
The property is positioned near Myrtle Beach’s primary retail and employment hubs, with access to major healthcare providers and tourism-related demand drivers.
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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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
