Press Releases
Marcus & Millichap Brokers $12.5M Sale of Industrial Warehouse and Outdoor Storage Property Near Charleston
October 27, 2026
SUMMERVILLE, S.C., Oct. 27, 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 286 and 290 Thorpe St., an industrial property in Summerville, South Carolina. The asset sold for $12.5 million.
“Thorpe Street is a great example of a pure industrial outdoor storage play,” said Harrison Creason, managing director investments in Marcus & Millichap’s Charleston office. “A national tenant already occupies the majority of the site, and the asset includes additional improved acreage with direct access onto Highway 78 that the new owner plans to lease-up. We received interest from both private and institutional investors and ultimately closed with an out-of-state buyer making their first acquisition in the Charleston market.”
Creason, Andrew Margulies and Tyler Brown of Marcus & Millichap exclusively marketed the property on behalf of the seller, a local private ownership group, and procured the buyer, an affiliate of Albany Road Real Estate Partners, who maintains offices in Boston, Nashville and Dallas.
The property includes 15.02 acres and two warehouses across four adjacent parcels. The 14,000-square-foot warehouse at 286 Thorpe St. is leased by Colony Tire Corporation and the 8,000-square-foot warehouse at 290 Thorpe St. is leased by Quantix Liquid Transport, Inc. The property is close to Interstate 26 and 20 miles from the Port of Charleston.
“Investors continue to chase low-coverage industrial outdoor storage sites in the Southeast, especially in high-growth markets and port cities,” added Tyler Brown, associate investments. “The Charleston market benefits from strong fundamentals across both traditional industrial and IOS properties. In addition to continued activity from transportation and distribution users, we are seeing an increase in activity from construction, contractors and equipment storage related businesses, reinforcing our confidence in the long-term outlook for the IOS sector.”
“Thorpe Street is a great example of a pure industrial outdoor storage play,” said Harrison Creason, managing director investments in Marcus & Millichap’s Charleston office. “A national tenant already occupies the majority of the site, and the asset includes additional improved acreage with direct access onto Highway 78 that the new owner plans to lease-up. We received interest from both private and institutional investors and ultimately closed with an out-of-state buyer making their first acquisition in the Charleston market.”
Creason, Andrew Margulies and Tyler Brown of Marcus & Millichap exclusively marketed the property on behalf of the seller, a local private ownership group, and procured the buyer, an affiliate of Albany Road Real Estate Partners, who maintains offices in Boston, Nashville and Dallas.
The property includes 15.02 acres and two warehouses across four adjacent parcels. The 14,000-square-foot warehouse at 286 Thorpe St. is leased by Colony Tire Corporation and the 8,000-square-foot warehouse at 290 Thorpe St. is leased by Quantix Liquid Transport, Inc. The property is close to Interstate 26 and 20 miles from the Port of Charleston.
“Investors continue to chase low-coverage industrial outdoor storage sites in the Southeast, especially in high-growth markets and port cities,” added Tyler Brown, associate investments. “The Charleston market benefits from strong fundamentals across both traditional industrial and IOS properties. In addition to continued activity from transportation and distribution users, we are seeing an increase in activity from construction, contractors and equipment storage related businesses, reinforcing our confidence in the long-term outlook for the IOS sector.”
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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.
