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
    Capital Markets Head of U.S. Net Lease Group
    202.644.8700
    Richard Murphy, CCIM
    Senior Vice President U.S. Capital Markets Net Lease Group
    703.288.2700
    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)