LYNCHBURG, VIRGINIA: Cushman & Wakefield | Thalhimer’s Capital Markets Group, represented the seller, MGW Properties, LLC, in the marketing and sale of a 29-unit apartment community located at 1200 Avondale Drive in the town of Altavista, Virginia in the Lynchburg market. 

The property was sold to a local investment group, NBS Real Estate, LLC, which intends to pursue a value-add strategy through renovations. The sale was finalized on January 12, 2022, for $1,505,000. 

Clay Taylor, CCIM of Cushman & Wakefield | Thalhimer’s Capital Markets Group out of Roanoke, Virginia represented the seller in the sale transaction.