Marcus & Millichap Inc.
08/11/2026 | Press release | Archived content
Marcus & Millichap Brokers $16.5M Sale of Two Student Housing Assets in Clemson, South Carolina
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Marcus & Millichap Brokers $16.5M Sale of Two Student Housing Assets in Clemson, South Carolina
August 11, 2026
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CLEMSON, S.C., Aug. 11, 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 The Den at Clemson East and The Den at Clemson West, two multifamily properties in Clemson, South Carolina.
"This was an excellent opportunity to acquire two assets at an attractive basis in the Clemson market," said Drew Babcock, managing director investments in Marcus & Millichap's Columbia office. "Clemson is a highly regarded student housing market, and we were able to generate interest from buyers across the country."
Babcock exclusively marketed the properties on behalf of the seller, Pierce Education Properties, and procured the South Carolina based buyer.
Located at 1146 Old Central Road, The Den at Clemson East is a 77,260-square-foot student housing property with 76 units on 25.88 acres. The Den at Clemson West is a 70-unit student housing property located at 423 Lindsay Road consisting of 70,700 square feet on a 5.98-acre lot. Both properties were built in 1998 and renovated in 2022 with new flooring, cabinetry and appliances. The unit mix is comprised of two- and three-bedroom apartments. The Dens at Clemson are currently rented by the bed with the owner's opportunity to switch to a conventional multifamily rent-by-unit model.
Both properties are within three miles of Clemson University and near the Tiger Boulevard retail corridor and a newly developed Harris Teeter shopping center.
"This was an excellent opportunity to acquire two assets at an attractive basis in the Clemson market," said Drew Babcock, managing director investments in Marcus & Millichap's Columbia office. "Clemson is a highly regarded student housing market, and we were able to generate interest from buyers across the country."
Babcock exclusively marketed the properties on behalf of the seller, Pierce Education Properties, and procured the South Carolina based buyer.
Located at 1146 Old Central Road, The Den at Clemson East is a 77,260-square-foot student housing property with 76 units on 25.88 acres. The Den at Clemson West is a 70-unit student housing property located at 423 Lindsay Road consisting of 70,700 square feet on a 5.98-acre lot. Both properties were built in 1998 and renovated in 2022 with new flooring, cabinetry and appliances. The unit mix is comprised of two- and three-bedroom apartments. The Dens at Clemson are currently rented by the bed with the owner's opportunity to switch to a conventional multifamily rent-by-unit model.
Both properties are within three miles of Clemson University and near the Tiger Boulevard retail corridor and a newly developed Harris Teeter shopping center.
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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 https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on August 11, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on August 14, 2026 at 22:29 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]