Property Details

Law Firm (Sale Leaseback)

Harrisonburg, VA
Property ID: 2180

Financial Summary

Asking Price $5,500,000
Cap Rate 7.20%
Net Operating Income (NOI) $396,000
Lease Type NNN
Lease Term Remaining 15 Years
The Offering Memorandum for this property is no longer available.

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Highlights

  • Highly successful law firm offering a sale-leaseback in Harrisonburg, VA
  • 170 year old prestigious VA law firm with extremely strong financials
  • New 15 year lease signed at closing with up to 15 years in options
  • Built in 1988 to the highest construction standards, this well maintained beautiful 3 story all brick building is set on an acre
  • First class office space on three floors, each containing complete kitchen and bathrooms
  • True NNN with ZERO landlord responsibility
  • Includes elevator to all three floors
  • Located in Downtown Harrisonburg - 62 miles from Charlottesville, 2 hours from Washington, DC, Richmond & Roanoke, VA
  • 1/2 a mile from James Madison University, 3 miles from Eastern Mennonite University Campus & less than 10 miles fromBridgewater College in neighboring Bridgewater, VA

Location

100 S Mason St
Harrisonburg, VA

Traci BidingerLaw Firm (Sale Leaseback)