Wytheville apartments, storage facility sells for $4.2M
Lynchburg company purchases property
The Birchwood Apartments and AAA Self Storage properties in Wytheville have sold for $4.2 million, Cushman & Wakefield | Thalhimer’s Capital Market Groups announced last week.
The May 14 transaction includes 60 apartments, 139 self-storage units and an 1,800-square-foot office building on adjoining parcels at 125-195 Birch Drive.
Lynchburg-based Deal Properties purchased the property from Wytheville-based Smith Enterprises, which was represented by Clay Taylor with Thalhimer. Deal was selected from a competitive group of buyers based on the company’s experience with managing multifamily residences, Taylor said in a statement.