BEDFORD, VA – Poe & Cronk Real Estate Group announced today that they have successfully negotiated the sale of a 24-unit Multi-Family complex located at 889 Short Street in Bedford, VA. The Buyer, Lobo Investment Group based out of Los Angeles, CA purchased the property for $1,100,000 and plans to continue to operate and manage the complex as an affordable housing option.
Bryan Musselwhite, CCIM represented the Seller in this transaction.
About Poe & Cronk Real Estate Group
Poe & Cronk is a locally owned and internationally recognized leading full-service commercial real estate company. The firm is comprised of a team of real estate professionals with more than 300 combined years of experience and more than $1B in real estate transaction knowledge in selling, leasing, and managing commercial, industrial, and investment real estate. In business for more than 30 years, Poe & Cronk provides commercial and investment real estate services throughout western Virginia.