Three Lynchburg apartment buildings sell for $8.2M
Three buildings are in Cornerstone community development with housing, a commercial center and amenities
Three apartment buildings within the Cornerstone community in Lynchburg sold for $8.2 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday.
The buildings, located at 301 Rotunda St., 121 Colonnade St. and 101 Colonnade St. were built in 2012. They contain a total of 68 apartment units — 46 two-bedroom, two-bath units and 22 three-bedroom, two-bath units — as well as 30 self-storage units.
Colonnade Partners LLC bought the portfolio from FOF LLC and Wellington Commons LLC. Clay Taylor, a certified commercial investment member with Cushman & Wakefield | Thalhimer’s Capital Markets Group out of Roanoke, handled the sale on behalf of the sellers.