Greysteel, a national commercial real estate investment services firm, has arranged the sale of Sterling Apartments, a 64-unit multifamily property, located in Florence, South Carolina.

Greysteel Director, Mike Hehir and Investment Associate, Hayden Davis from the firm’s Charlotte, North Carolina office sold the Property on behalf of the Seller, S&S Sterling Properties, and solely procured the Buyer.

Built in 1970, the Property is located at 1100 S Mayfair Terrace Florence, SC 29501. Sterling Apartments is comprised of one-, two-, and three-bedroom units with an average SF of 895. Set in an ideal location on the West side of Florence, the area is known for new developments, national retail and the Florence Country Club. The Property is also in close proximity to major highways such as I-95 & I-20 and ample lifestyle amenities including Magnolia Mall and Historic Downtown Florence.

“The growing Florence market and heavily trafficked location offer the buyer fantastic upside as they restore these apartments to a high quality for the benefit of the tenants and the surrounding community,” said Greysteel Director, Mr. Hehir. “Delivering a local owner that is committed to this kind of improvement is extremely rewarding.”

About Greysteel:

Greysteel is a leading commercial real estate and capital markets services firm. Greysteel serves and advises private and institutional real estate investors and developers in the marketing, sale, and financing of private capital and middle market real estate assets. Our platform optimizes options for our clients by providing end-to-end investment services, from sales and financing to research and investment planning. Strategically located across offices nationwide, Greysteel has established broad market coverage from coast-to-coast. www.greysteel.com