Eight 8 Properties Spends $8M for Old-New Apartment Complex in Lynchburg
Eight 8 Properties, LLC, has purchased the Gish Flats Apartments at 317 5th Street in Lynchburg, VA for $8.2 million.
Charles Wentworth, Garrison Gore, G.S. Hankins and Victoria Pickett of Colliers handled the transaction on behalf of the seller, Gish Flats, LLC.
The property consists of 66 units between two buildings, one with century-old charm and one with new modern style finishes following a 2016 renovation and ground-up development. Gish Flats is located along the 5th Street Corridor, within a short walk to downtown Lynchburg and the area’s most popular dining establishments and shopping destinations.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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