The units range in size and finishes, but will include a mix of concrete floors or flooring (such as hardwood) original to the building, which was built in 1946, exposed trusses, modern kitchens with stainless steel appliances. Each apartment will be furnished with a washer and dryer and wall-mounted flat screen TV. Unique for downtown living, the property will have a landscaped patio area and on-site parking. An outside lot is available to residents and there will be a limited number of interior garage spaces for rent by tenants.

Rents range from $650 to $850 per month for the one-bedroom units; the two-bedroom unit is available for $930 per month. The four commercial spaces are ideal for small businesses, including attorneys, who want to be close to the court and public safety facilities located nearby. Construction on the project is moving quickly and is expected to be completed in April for May 2012 occupancy.

“These units will provide an additional affordable option for the nearly 1,100 downtown residents,” said Michael Waldvogel, CCIM, SIOR, of Waldvogel Commercial Properties. Waldvogel has been involved in downtown development for more than three decades.

Waldvogel Commercial Properties leases and manages Lofts on Church, modern apartments at 17 Church Avenue and manages the homeowner’s associations at Fulton Motor Lofts, Campbell Garage Lofts and The Candy Factory, all condominium properties within a block of 401 Campbell Lofts. The firm represented the developer of Campbell Garage Lofts and The Candy Factory in the initial sales of all 30 condominiums at those properties.

The $1.3 million sale closed in September and Fleet Feet plans to move this summer. Play it Again Sports will relocate. The new location will offer Fleet Feet staff and customers a larger space.

Holmes has more than 21 years experience in business, 14 of which were spent in real estate: development, finance, administrative, and marketing support for a large Roanoke-area builder. She serves on the Board of the Conflict Resolution Center, a 501(c)(3) non-profit. Her other interests include small engine tinkering, hiking and graphic design.

Dunaway has worked as an administrative assistant with several companies since 1999. She has experience as a support specialist in insurance underwriting, wholesale distribution, and real estate. Her spare time is spent with training and taking care of her horse.

Holmes has more than 21 years experience in business, 14 of which were spent in real estate: development, finance, administrative, and marketing support for a large Roanoke-area builder. She serves on the Board of the Conflict Resolution Center, a 501(c)(3) non-profit. Her other interests include small engine tinkering, hiking and graphic design.

Dunaway has worked as an administrative assistant with several companies since 1999. She has experience as a support specialist in insurance underwriting, wholesale distribution, and real estate. Her spare time is spent with training and taking care of her horse.

Holmes has more than 21 years experience in business, 14 of which were spent in real estate: development, finance, administrative, and marketing support for a large Roanoke-area builder. She serves on the Board of the Conflict Resolution Center, a 501(c)(3) non-profit. Her other interests include small engine tinkering, hiking and graphic design.

Dunaway has worked as an administrative assistant with several companies since 1999. She has experience as a support specialist in insurance underwriting, wholesale distribution, and real estate. Her spare time is spent with training and taking care of her horse.

The property sold to Delta Dental of Virginia for approximately $35.43 per square foot.

The firm also has represented Verizon in the sale of two other office properties in the region:

• An office building at 254 Industrial Park Drive in Amherst, VA was sold on December 22 from Verizon South Inc. to L&M Properties, LLC, a Roanoke-based investment group. The property is a 37,200-square-foot office building on a 9.8-acre site in the Amherst Industrial Park.
• An office building at 802 E. Main Street in Pulaski, VA was sold on December 15 from Verizon Communications Inc. to the County of Pulaski. It is a 14,000-square-foot office building situated on a 1.7-acre site with more than 100 parking spaces. Pulaski County plans to relocate its Sheriff’s Department and 911 call center to the property.

Waldvogel Commercial Properties, Inc., located in Roanoke, Virginia, provides commercial and industrial sales, leasing and property management services throughout southwestern Virginia. The firm was founded in 2004.

The area is a limited but growing commercial submarket, supported in large part by the development of Riverside Center, Carilion Clinic, the Virginia Tech Carilion School of Medicine and Research Institute, and Cambria Suites Hotel.

The approximately 4,300-square-foot building was built in 1978. The property most recently had been used for medical offices, but with the sale, it will be used for professional offices. It was sold May 13, 2011 for $750,000. Michael Waldvogel, CCIM, SIOR and Krista Vannoy, CCIM, of Waldvogel Commercial Properties represented the purchaser, Rox Properties, LLC.

The property, formerly a gas station and convenience store, was completely renovated in 2008 and is currently home to Blue Collar Joe’s, a successful donut shop. It consists of two structures on an approximately one-half-acre site.

It sold on May 18, 2011 for $480,000. The sale was of real estate only, and did not include the operating business.

The area is a limited but growing commercial submarket, supported in large part by the development of Riverside Center, Carilion Clinic, the Virginia Tech Carilion School of Medicine and Research Institute, and Cambria Suites Hotel.

The approximately 4,300-square-foot building was built in 1978. The property most recently had been used for medical offices, but with the sale, it will be used for professional offices. It was sold May 13, 2011 for $750,000. Michael Waldvogel, CCIM, SIOR and Krista Vannoy, CCIM, of Waldvogel Commercial Properties represented the purchaser, Rox Properties, LLC.