News and Blog

Ghent Multifamily Properties Sold

Top image

NORFOLK, VIRGINIA: Cushman & Wakefield | Thalhimer’s Capital Markets Group has represented the sellers in the sale of Graydon Avenue Apartments and West Olney Villas located in the Ghent neighborhood of Norfolk, Virginia. 
Graydon Avenue Apartments, a 9-unit multifamily property built in 1915, is located at 622 Graydon Avenue.  West Olney Villas located at 518 & 526 West Olney Road also has 9 units within two buildings and built in 1898.  Both assets were 100% occupied when acquired on February 4, 2020 for $2,000,000 ($111,111/unit) by an individual investor from out of the area. The sale was completed by Clark Simpson of Cushman & Wakefield | Thalhimer’s Capital Markets Group.