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Fredericksburg land sells for $5 million

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A new apartment complex is being planned in Fredericksburg, according to S.L. Nusbaum Realty Co.

The Norfolk-based commercial real estate company said Monday that Oxford Kingson Apartments LLC purchased 9 acres from Southpoint II LLC for the development of 240 apartment units. Nusbaum’s Bill Overman and John Wessling represented the buyer in the $5 million deal.

Nusbaum also said that ROTB LC has purchased a 5,034-square-foot commercial building in Virginia Beach from The Innate Co. LLC for $2 million. The .32 acre property is located at 210 25th St. Nusbaum’s C. Cheyney Cole represented the seller.

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