Marcus & Millichap Inc.
10/30/2025 | Press release | Distributed by Public on 10/30/2025 12:06
Marcus & Millichap Brokers $7.7M Sale of 14-Suite Retail Strip in Spartanburg, S.C.
Press Releases
Marcus & Millichap Brokers $7.7M Sale of 14-Suite Retail Strip in Spartanburg, S.C.
October 30, 2025
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SPARTANBURG, S.C., Oct. 30, 2025 - 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 Camelot Center, a 14-suite retail strip property in Spartanburg, South Carolina, for $7.7 million.
"We had a very competitive bidding process and saw strong interest from investors drawn to the property's stable cash flow and location in a high-growth market," said Chris Garavaglia, managing director investments. "Spartanburg continues to be in high demand, and with the center 100% occupied, the new owner plans to hold the asset long term and capitalize on the market's ongoing momentum."
Garavaglia, Alex Perez and Austin Sweet, investment specialists in Marcus & Millichap's St. Louis office, in association with Ben Yelm, Marcus & Millichap's South Carolina broker of record, had the exclusive listing to market the property on behalf of the seller, an east coast family office.
The 66,560-square-foot, 14-suite shopping center is located at 1600 John B White Sr Blvd. Built in 1987, the fully leased property sits on 7.99 acres and is anchored by Napa Auto Parts and Dollar General. Tenants include a mix of dining, grocery, beauty, financial and auto services, including State Farm and Pizza Hut.
"We had a very competitive bidding process and saw strong interest from investors drawn to the property's stable cash flow and location in a high-growth market," said Chris Garavaglia, managing director investments. "Spartanburg continues to be in high demand, and with the center 100% occupied, the new owner plans to hold the asset long term and capitalize on the market's ongoing momentum."
Garavaglia, Alex Perez and Austin Sweet, investment specialists in Marcus & Millichap's St. Louis office, in association with Ben Yelm, Marcus & Millichap's South Carolina broker of record, had the exclusive listing to market the property on behalf of the seller, an east coast family office.
The 66,560-square-foot, 14-suite shopping center is located at 1600 John B White Sr Blvd. Built in 1987, the fully leased property sits on 7.99 acres and is anchored by Napa Auto Parts and Dollar General. Tenants include a mix of dining, grocery, beauty, financial and auto services, including State Farm and Pizza Hut.
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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, 2024, the company had 1,712 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 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on October 30, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on October 30, 2025 at 18:06 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]