Frederick W. Pierce IV Of Pierce Education Properties Sells Multifamily Properties In Clemson For $16.5M

The transaction involves two multifamily student housing properties located at 1146 Old Central Road and 423 Lindsay Road in Clemson, South Carolina. The properties, known as The Den at Clemson East and The Den at Clemson West, encompass a total area of 31.86 acres and 147,960 square feet. The sale was concluded at a price of $16,500,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $16,500,000
• Square Footage: 147,960
• Price Per Square Foot: $112
• Number of Units: 146
• Price Per Unit: $113,014
• Seller: Frederick W. Pierce IV - Pierce Education Properties
• Broker: Drew Babcock - Marcus & Millichap

Drew Babcock represented the seller, Pierce Education Properties, in this transaction and successfully procured a buyer based in South Carolina. The deal signifies a successful brokerage effort by Marcus & Millichap to facilitate the sale of these student housing properties.