MPG Announces Sale of Office Building in Southwestern Virginia

Morgan Property Group, LLC is pleased to announce the sale of a single story office building at the intersection of N. Main Street and Park Blvd. in Marion, Virginia.

Actual Site

In Spring 2006, MPG, through its affiliates Marion I Realty, LLC and Marion II Realty, LLC, acquired the office building in conjunction with the adjacent 1.56 acres for a price of $925,000.  The adjacent parcel was redeveloped by MPG as a freestanding Walgreens drugstore.  The office building was last occupied by the USDA as a service center back in 2007.

On September 10, 2014, the property was sold to Robert B. Moro for $130,000. Vickie Stamper of Appalachian Realty Co., Inc. represented the Buyer and Scott Friedman and Mid-Atlantic Real Estate Partners, LLC, the VA brokerage arm of Morgan Property Group, represented the Seller in the transaction.

For over thirty-seven years, Morgan Property Group has been in the commercial real estate development and brokerage business. MPG focuses on neighborhood shopping center and single-tenant retail projects for repeat clients such as Walgreens, Publix, 7-Eleven, and McDonalds. The company and its affiliates are developing multiple retail, mixed use, and medical development projects throughout the Mid-Atlantic and Southeast.  To find out more, follow Morgan Property Group on Facebook and Twitter @MPG_Development or visit our website at www.morganpg.com.