Wellsafe Holdings Acquires Retail Property In Lynchburg For $1.55M

The retail property located at 2303 Bedford Avenue in Lynchburg, Virginia was recently sold for $1,550,000. The transaction took place on December 8, 2021, and the property spans an area of 2.44 acres. The total square footage of the property is 33,049, resulting in a price per square foot of $47. The sale was facilitated by Norman K. Moon, Jr. and George M. Lupton, III of Cushman & Wakefield | Thalhimer on behalf of the seller, JMB Investments Company LLC. The buyer in this transaction was Wellsafe Holdings.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $1,550,000
• Address: 2303 Bedford Avenue, Lynchburg, Virginia
• Market: Lynchburg, Virginia
• Square Footage: 33,049
• Price per Square Foot: $47
• Buyer: Wellsafe Holdings
• Seller: JMB Investments Company LLC
• Brokers: Norman K. Moon, Jr. & George M. Lupton, III - Cushman & Wakefield | Thalhimer

The deal was successfully closed with the assistance of Norman K. Moon, Jr. and George M. Lupton, III from Cushman & Wakefield | Thalhimer, representing their respective clients in the transaction. The purchase of this retail property marks a significant investment for Wellsafe Holdings, further expanding their real estate portfolio.