Recent commercial real estate sales in Virginia

Sales through Jan. 10

Published January 10, 2022 by Robyn Sidersky

An 8,540-square-foot mixed-use building in Lynchburg sold for $1.3 million. Built in 2018, the property, located at 1285 Enterprise Drive, includes three two-bedroom, two-bathroom apartments and two first-floor commercial suites, both under long-term leases. It was 100% occupied at the time of sale. Virginia Beach-based Anjuna LLC bought the property from FOF LLC. Clay Taylor of Cushman & Wakefield | Thalhimer’s Capital Markets Groip out of Roanoke handled the sale.
Eight acres of land at 9225 Old Cool Springs Road in Hanover County sold for $1.2 million. The buyer, Denver-based Nexcore Group, purchased the land, with plans to develop an assisted living facility at the site. David M. Smith of Cushman & Wakefield | Thalhimer represented the buyer.
Magnolia Wash and Express Property Holdings LLC purchased 1880 Stavemill Crossing Lane for $1.1 million. The property is located in Powhatan County and sits on 2.08 acres. Peter Vick and Harrison Hall represented the seller, Stavemill II LLC.

An office building in Norfolk’s Ghent neighborhood at 501 W. 21st St. sold for $3.46 million. OMD Enterprise LLC purchased the 14,762-square-foot building from TowneBank as an investment and future home of its corporate offices. The three-story office was built in 2011 and is 100% occupied by ABNB Federal Credit Union, Nusbaum Insurance Agency and Rose & Womble Chandler Property Management LLC. Rob Wright of Cushman & Wakefield | Thalhimer handled sale negotiations on behalf of the buyer.
A 34,607-square-foot flex building in Norfolk sold for $2 million. 1000 City Hall LLC sold the building located at 1000 East City Hall Ave. to Catholic Diocese of Richmond Bishop Barry Knestout.
A 16,980-square-foot office building in Virginia Beach sold for $1.8 million. The property, on 1.49 acres at 5511 Princess Anne Road, was sold by B&W Properties to Glen DeVere Building LLC as an owner occupant investment. Janet Whitbeck and Josh Fulton of Cushman & Wakefield handled negotiations on behalf of the seller.
A 13,400-square-foot industrial building on two acres in Chesapeake sold for $1.4 million. The property is located at 916 Executive Court and was sold by Cliff Sipe to J. A. Maks LLC. Tony Weiss of Cushman & Wakefield | Thalhimer handled sale negotiations on behalf of the buyer and the seller.