LYNCHBURG, VIRGINIA: Cushman & Wakefield | Thalhimer’s Capital Markets Group represented the sellers, FOF, LLC and Wellington Commons, LLC in the marketing and sale of a three-building portfolio located at 301 Rotunda Street, 121 Colonnade Street, and 101 Colonnade Street, within the Cornerstone community in Lynchburg, Virginia.
Colonnade Partners, LLC purchased the portfolio on August 30, 2021 for $8,200,000. The sale was completed by Clay Taylor, CCIM of Cushman & Wakefield | Thalhimer’s Capital Markets Group out of Roanoke, Virginia, who handled negotiations on behalf of the sellers.  According to Taylor, the buyer was selected from a competitive field of offers based on proven recent transaction history in the Lynchburg market.
Built in 2012, the three buildings contained a total of 68 apartment units, including 46 two-bedroom, two-bath units and 22 three-bedroom, two-bath units as well as 30 self-storage units. 
According to the Cornerstone Community website, Cornerstone offers a wide array of upscale housing opportunities from single family homes to townhome villas to luxury apartments and condominiums. These residences have access to a variety of amenities, including a community pool facility, twenty-five acre park with walking/jogging/bicycle trails, and a mix of dining, professional services, and retail shopping.