Downtown Columbia apartments sell for $17.45 million.

PositionLand Bank Lofts

A 113-unit apartment property in downtown Columbia has sold for $17.45 million.

Land Bank Lofts, located at 1401 Hampton St., was purchased by Xsite Capital Investment LLC. Drew Babcock, an investment specialist in commercial real estate brokerage firm Marcus & Millichap's Columbia office, marketed the property on behalf of its seller, Heritage Land and Development LLC.

The 2.2-acre property features a mix of studio and one- and two-bedroom apartments. Each unit includes an open floor plan with high ceilings, stainless steel appliances, quartz countertops and stackable washer and dryer sets. Amenities include a pool, a business center and on-site surface parking.

"The downtown Columbia rental market demands some of the highest rent in South Carolina," Babcock...

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