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104-apartment community acquired by Cleghorn Capital
104-apartment community acquired by Cleghorn Capital
Robyn Sidersky// July 15, 2022//
Cleghorn Capital purchased a 104-unit apartment community in Norfolk from Israeli investment fund Valore for $12.8 million, Marcus & Millichap announced July 7.
Valore at Southern Park, located at 7922 Old Ocean View Road, has three buildings, each with two stories, and was built in 1964 and renovated in 1999. The 104,944-square-foot property has 5.04 acres.
Valore bought the property in 2017.
Altay Uzun, Justin Ferguson, Theo Jolley and David Chae with Marcus & Millichap’s Hampton Roads office listed the property on behalf of the seller and brokered the deal on behalf of Cleghorn Capital.
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