Property Details

ComSonics Corporate HQ (Sale-Leaseback)

Harrisonburg, VA
Property ID: 11607

Financial Summary

Asking Price $4,954,000
Cap Rate 7.25%
Net Operating Income (NOI) $359,188
Lease Type NNN
Lease Term Remaining 20 Years
Increases 10% Every 5 Years

Offering Memorandum

To download this Offering Memorandum, please enter your name, email and phone.
Continue

Contact

Jonathan W. Hipp
President & CEO
703.787.4725
Richard Murphy, CCIM
Managing Director
571.449.8234
Stanley Wyrwicz
Senior Managing Director
617.261.8584

Share Property

Highlights

  • Sale-leaseback structure with 20-year absolute NNN lease with no landlord responsibilities, commencing at closing
  • Mission critical facility, corporate headquarters
  • ComSonics is a financially strong company
  • Good access to interstate 81
  • In close proximity to James Madison University (23,000 students enrolled)
  • Structured rent growth of 10% every 5 years
  • Four (4), five (5) year renewals

Location

1350 Port Republic Rd
Harrisonburg, VA

Traci BidingerComSonics Corporate HQ (Sale-Leaseback)