Mechanicsville apartment complex sells for $7.6 million
The property includes 68 units and one rental home.
The Signal Hill Apartments complex in Mechanicsville sold for $7.6 million on March 26, according to Glen Allen-based real estate company Commonwealth Commercial Partners LLC.
Signal Hill includes 68 units and one four-bedroom rental home and is located at 8111 Signal Hill Road.
The property came on the market during fall 2019 and was sold to an affiliate of Washington, D.C.-based Peak Strategic Capital. The buyer financed the purchase through Freddie Mac.
Bruce Milam, Chip Louthan and Colton Konvicka of Commonwealth Commercial represented the seller in the transaction.