Waldvogel Commercial Properties Brokers Purchase of Office Building in South Roanoke

Waldvogel Commercial Properties announces the purchase of a single-story office building at 2118 Rosalind Ave., SW in South Roanoke.

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.

Waldvogel Commercial Properties Brokers Sale of Commercial Property in Daleville

Michael Waldvogel, CCIM, SIOR and Krista Vannoy, CCIM, of Waldvogel Commercial Properties represented Six Dogs LLC in the sale of the property at 1171 Roanoke Road in Daleville.

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.

Waldvogel Commercial Properties Brokers Sale of Apartment Building

Waldvogel Commercial Properties announces the sale of a 13-unit apartment building at 115 Elm Ave SW in Downtown Roanoke.

The apartment building is part of a five-property portfolio owned by Stevedav, LLC, a Roanoke-based real estate holding company. The other four buildings are still available.

The 9,942-square-foot building was built in 1928 and remodeled in 2006. It contains four two-bedroom apartments, eight one-bedroom apartments and one studio apartment, as well as an onsite laundry facility. It was 100 percent occupied at time of sale. The $440,000 sale was financed by the Bank of Botetourt.

Waldvogel Earns National Certification

Michael WaldvogelMichael M. Waldvogel, CCIM, SIOR, of Waldvogel Commercial Properties, has been named a Certified Manager of Community Associations (CMCA) by the National Board of Certification for Community Association Managers (NBC-CAM). Mr. Waldvogel joins more than 8,000 CMCA certificants nationwide who have demonstrated the professional knowledge that is so important for managing condominium and homeowner associations and cooperatives.

Michael Waldvogel has 29 years of experience in the real estate industry. In addition to the CMCA, Michael also holds both the Certified Commercial Investment Member (CCIM) and the Society of Industrial and Office Realtor (SIOR) designations. Both designations are a respected symbol of knowledge, production, and ethics in the real estate industry.
To obtain and maintain the CMCA credential, a manager must complete comprehensive course work, pass a National Certification Examination, adhere to the CMCA Standards of Professional Conduct, and take continuing education courses to recertify.

NBC-CAM is the first and only nationwide organization created solely to certify community association managers and to help consumers identify managers who have demonstrated fundamental competency and knowledge in this profession. With the dramatic increase in association-governed housing over the past 35 years (10,000 community associations in 1970 versus an estimated 286,000 today), there is an expanded need for education in community association management. Fifty seven million Americans live in association-governed communities.

Professional managers provide administrative, operational and managerial counsel to community association boards. They typically are responsible for managing budgets and contractors, directing association personnel, and overseeing compliance with association covenants and restrictions.

NBC-CAM was established in 1995 by Community Associations Institute (CAI) to ensure that managers have the appropriate skills to effectively manage community associations. More information is available at www.nbccam.org.

Waldvogel Commercial Properties, Inc., under Waldvogel’s supervision, manages the homeowner’s association of three downtown condominium properties, Campbell Garage Lofts, The Candy Factory and Fulton Motor Lofts.

Waldvogel Commercial Properties Announces 27,750 SF Office Lease

Waldvogel Commercial Properties, Inc. announces the lease of 27,740 square feet of office space to ADMMicro, Inc. in the building located at 2797 Frontage Road, Roanoke, VA.

2797 Frontage Road is an impressive 146,852 square foot office and manufacturing facility built in 2000 and located adjacent to Interstate 581 in the City of Roanoke. Additional space in the building is currently offered for lease through Waldvogel Commercial Properties, exclusive leasing and management agent for the property. Waldvogel will continue to offer facility management services for this property.

Delta Dental of Virginia acquired this property in March 2007 in a transaction brokered by Waldvogel Commercial Properties.

ADMMicro is a unique organization of energy experts, including highly experienced electric utility managers, electrical engineers, facilities engineers, software and database programmers and data network specialists. They have taken the energy monitoring and control capabilities available to the large-box operators and engineered a small and powerful line of controllers which provides total energy management – at a price point that delivers positive ROI in less than two years – for facilities as small as 1,500-square feet.