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Capital Markets Group Completes Sale of Skyler Cove Apartments

PORTSMOUTH, VIRGINIA: Cushman & Wakefield | Thalhimer’s Capital Markets Group has represented the seller, Skyler Cove Apartments, LLC, in the sale of Skyler Cove Apartments, located at 3501 Commerce Street, in Portsmouth, VA. 
Florence Cove, LLC purchased the 18-unit value-add multifamily property for $1,075,000 as an investment. The property, with close proximity to Maryview Park, consists of two-bedroom townhouse style units, and was 95%-leased at the time of the sale.
The sale was completed by Clark Simpson of Thalhimer’s Capital Markets Group. 

Written on December 28, 2020