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
    The Offering Memorandum for this property is no longer available.

    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

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    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)