Va. Beach apartment complex sells for $6.575M
Falcon Point includes 64 apartment units.
The Falcon Point apartment complex in Virginia Beach has sold for $6.575 million, Colliers International announced Thursday.
Seminole Trail Properties purchased the property from The Runnymede Corp.
Located at 2105 Lake Smith Drive, Falcon Point includes 64 apartment units. It was constructed in 1971 and has received both exterior and interior renovations.
The apartment complex is located approximately 3 miles from the Chick’s Beach area, which is a stretch of beaches running 2 miles from Lynnhaven Inlet. Interstate 64 is less than 5 miles from the complex.
Colliers Senior Vice Presidents G.S. “Hank” Hankins and Charles Wentworth, First Vice President Victoria Pickett, Managing Director Will Mathews and associates Clay Ellis and Garrison Gore represented the seller. They all serve on Colliers mid-Atlantic team.