Mechanicsville apartment complex sells for $7.6 million

The property includes 68 units and one rental home.

Published March 29, 2020 by Sydney Lake

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.