558 S. Main St., Harrisonburg, VA
17,400 SF | Office Building | Harrisonburg, VA 22801 | $4,675,000 ($269/SF) | 6.50% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,675,000
- Property Type
-
Office
- Square Feet
- 17,400 SF
- Price / Square Foot
- $269
Listing Contacts
Michael Hendricksen
Verified Profile
- Property Info
Property Overview
Investment Property - Single Tenant Class A Office Building For Sale on S. Main St at the Gateway to Downtown Harrisonburg and one block from James Madison University. 17,400 SF on 1.30 Acres. Property is 100% Leased by well-established accounting firm PB Mares (www.PBMares.com) through Dec 31, 2027 (tenant has two additional 5-year renewal options through 2037). 44 Parking Spaces on site. Renovated by Tenant in 2021. Listed at a 6.5% CAP on T12 ACTUAL NOI (May '22 - Apr '23). Contact Listing Agent for Additional Info. Owner / Agent.
Property Details
- Class
- B
- Year Built
- 1982
- Stories
- 3
- Lot Size (sq. ft)
- 56,628 SF
Highlights
- Single Tenant Class A Office Building
- Long-term Lease with PB Mares
- 1031 Exchange Option
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