100 Community Dr, Waynesboro, VA 22980

2,946 SF Office/Medical Condo Unit Offered at $702,500 in Waynesboro, VA 22980

Date Added:
May 17, 2024
Days on Market:
28 days

Asking Price $702,500

Property Type
Office

Listing Contacts

Megan Sullivan
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Brian Hosey
Brian Hosey
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Frank Roti
Frank Roti
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Brett Rodgers
Brett Rodgers
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  • Property Info

Property Overview

Marcus & Millichap is pleased to present 100-B Community Drive, Waynesboro, VA 22980. This 2,946-square foot medical
office is fully occupied by Ivy Rehab Synergy Rehab & Wellness, operating under a triple-net lease structure with 2 percent
annual rental increases and two, 5-year renewal options. There are approximately three years of lease term remaining on an
initial five year lease structure.
Ivy Rehab has expanded to more than 50 Virginia outpatient clinics through partnerships with Synergy Rehab and Wellness.
"When looking for a partner, we seek a leader who matches our culture of upholding the highest clinical standards and who
creates spectacular experiences for their teammates and patients. Tobin has demonstrated he is precisely the partner Ivy Rehab
seeks out," said Michael Rucker, CEO of Ivy Rehab. "We are thrilled to expand our Virginia footprint and be able to provide
high-quality, innovative care with the best patient outcomes as our collective goal alongside Tobin and Synergy Rehab and
Wellness."
Waynesboro is a community of outdoor enthusiasts that has emerged as a major retail center in Augusta County. It borders
the Charlottesville MSA to the east and Harrisonburg MSA to the north. Its location in the heart of Shenandoah Valley
provides access to a variety of employment opportunities within an easy 45-minute commute and ample recreational assets.
Waynesboro’s rich history, national parks, and award-winning brewery scene attracts visitors from all over the United States.

Property Details

Class
B
Year Built
2019
Property Subtype
Medical
Lot Size (sq. ft)
29,621 SF
Units
1

Highlights

  • Fully occupied by Ivy Rehab Synergy Rehab & Wellness.
  • Triple-Net Lease Structure / Two Percent Annual Rental Increases.
  • Two 5-Year Renewal Options / Corporate Guarantee.
  • Three Years of Lease Term Remaining.
  • Located within a significant commercial corridor within the city.
  • Close proximity to downtown.

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