Waldvogel Commercial Properties Brokers Sale of Medical Office Building

3rd Street ExteriorWaldvogel Commercial Properties has brokered the sale of an office building at 1215 Third Street, SW in Roanoke City. The 4,400-square-foot building was owned by Dorsey and Timmermann, LLC and was the home to Dermatology Associates of Roanoke. It was purchased by the Child Health Investment Partnership of Roanoke Valley (CHIP). Michael Waldvogel, CCIM, SIOR, Krista Vannoy, CCIM, and Celie Holmes represented the seller in the transaction.

Dermatology Associates will relocate early next year to accommodate an expansion of their practice. CHIP’s primary offices are located next door at 1201 3rd Street, SW, where they will remain. The organization will use approximately 2,200 square feet of the new building for its programs and intends to lease the remainder of the building.

“This transaction represents growth opportunities for both the buyer and seller,” said Waldvogel. “We’re honored to have played a part in it.”