Waldvogel Commercial Properties, Inc. is delighted to announce the successful sale of 1936 Blue Hills Drive in Roanoke, VA. This 71,540 square foot office building, located in the Roanoke Centre for Industry and Technology, was sold for a total of $4,200,000. Krista Vannoy and Michael Waldvogel, both Certified Commercial Investment Members (CCIM) and Society of Industrial and Office Realtors (SIOR), represented the buyer in the transaction. Sitting on a 13.8 acre tract, the property will now be occupied by Virginia Transformer Corp, the fourth largest power transformer in North America.
Virginia Transformer Corp supplies custom-made transformers to a variety of power generators and distributors, heavy industries, and businesses. The company has three manufacturing plants located throughout North America and is headquartered in Roanoke. This recent sale of 1936 Blue Hills Drive exemplifies the current demand for commercial properties in the area and confidence in the Roanoke region. Waldvogel Commercial Properties, Inc. is proud to have facilitated this process.