Roanoke shopping center sells for $4.8M
Plaza has nearly 50k SF
A shopping center in Roanoke has changed hands.
Salem-based Omma Management LLC purchased the 49,881-square-foot Oak Grove Plaza in Roanoke for $4.8 million, Cushman & Wakefield | Thalhimer announced.
Built in 1964, Oak Grove Plaza is located at 2061 Electric Road. CXL Inc. sold the property, which is on about four acres. Cushman & Wakefield | Thalhimer will continue to provide leasing and management services for the plaza.
Tenants in the shopping center include McDonald’s Corp., T-Mobile USA Inc., pizza and barbecue restaurants, an ice cream shop, a custard shop, a nail salon, a rug store and others.
William D. Poe, of Cushman & Wakefield | Thalhimer, handled the sale negotiations on behalf of the seller.