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Genesis Properties Sells The Lofts at Trolley Station In Richmond, Virginia

47-Unit Apartment Property Purchased for $5.45 million by Trolley Lofts, LLC
December 1, 2017
Genesis Properties has sold The Lofts at Trolley Station, a 47-unit apartment complex in the Manchester District of Richmond, VA, to an individual investor for $5.45 million, or approximately $116,000 per unit.

The historic property was constructed in 1920 at 212 W. 7th St. It totals 44,000 square feet and is 100% occupied.

Tom Rosman, Lory Markham, Ryan Rilee and Justin Sledd of One South Commercial represented Genesis Properties in the transaction. Birck Turnbull of Cushman & Wakefield|Thalhimer represented the buyer.

For more information, please see CoStar COMP #4067710.
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