By Liz Segrist
Published April 15, 2014
A 192-unit apartment property in Goose Creek recently sold for $3.4 million, according to Raj Ravi, regional manager of Marcus & Millichap Real Estate Investment Services’ Charleston office.
Michigan-based Princeton Management, a property management company, bought the property, according to the local leasing office and Princeton’s website. Princeton Management did not return phone calls from earlier this morning.
Princeton Management owns and manages six other apartment communities in the state, all of which are in Greenville.
Marcus & Millichap Real Estate Investment Services, a national real estate investment services firm, sold Spring Hill Apartments on behalf of the seller, an undisclosed financial institution.
Springhill consists of 13 two-story buildings with one-, two- and three-bedroom units. The property, located at 100 Swift Blvd., was built in 1974. At the time of sale, it was in the roughly 75% occupied. Rents range from $580-$750, according to Princeton’s website.
Reach Liz Segrist at 843-849-3119 or @lizsegrist on Twitter.