Cushman & Wakefield arranges $28.25 million sale of The Six multifamily community
February 18, 2022
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of The Six, a 92-unit apartment community located in Charleston. The sale price was $28.25 million, equating to more than $307,000 per unit.
Tai Cohen, Marc Robinson, and Michael Saclarides represented the seller, Origin Development Partners LLC, in the transaction. The property was acquired by Continental Realty Corporation.
“Residents enjoy instant access to high-end retail and dining when they step outside The Six’s front door, as well as easy connectivity to all of Charleston’s economic drivers,” said Cohen, Managing Director at Cushman & Wakefield. “The location of The Six is one of the most sought after in the market.”
The Six is located at 2170 Snyder Circle and was 97% occupied at the time of sale. The apartment community offers convenient access to retail and two of Charleston’s largest entertainment destinations – Isle of Palms and downtown Charleston.
Built in 2018, The Six offers residents high-end unit interior finishes and community amenities including a resort-style swimming pool with TV wall, modern outdoor kitchen and bar, custom fire pit within a courtyard lounge, storage for bikes and kayaks, bark park, and state-of-the art fitness center.
Cushman & Wakefield’s Sunbelt Multifamily Advisory Group is an 82-person investment sales team covering 11 states with No. 1 multifamily market share in that region based on sales volume and transactions reported to CoStar. Per Cushman & Wakefield, in 2021, the group closed $13.8 billion in sales volume through 429 deals and nearly 85,000 units. For more information about the Sunbelt Multifamily Advisory Group, visit https://multifamily.cushwake.com.
