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Mechanicsville apartment complex sells for $7.6 million

The property includes 68 units and one rental home.

Mechanicsville apartment complex sells for $7.6 million

The property includes 68 units and one rental home.

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The Signal Hill Apartments complex in Mechanicsville sold for $7.6 million on March 26, according to Glen Allen-based real estate company Commonwealth Commercial Partners LLC.

Signal Hill includes 68 units and one four-bedroom rental home and is located at 8111 Signal Hill Road. 

The property came on the market during  fall 2019 and was sold to an affiliate of Washington, D.C.-based Peak Strategic Capital. The buyer financed the purchase through Freddie Mac.

Bruce Milam, Chip Louthan and Colton Konvicka of Commonwealth Commercial represented the seller in the transaction.

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