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Kyle Danielson Of Horvath & Tremblay Brokers $6.53M Sale Of Retail Asset In Harrisonburg VA
SOLD
$6,528,745
Virginia
See Similar DealsRetail
Sold 10/21/2024
SOLD
Kyle Danielson Of Horvath & Tremblay Brokers $6.53M Sale Of Retail Asset In Harrisonburg VA
2054 Rock Port Drive
See Similar DealsRetail
Sold 10/21/2024
Summary
VIRGINIA
Asset Type:Retail
Transaction Type:Sale
The property asset involved in the transaction is a new construction 7-Eleven located at 2054 Rock Port Drive in Harrisonburg, VA. The retail asset was sold for a price of $6,528,745. It has over 14 years remaining on an Absolute NNN Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,528,745
- Address: 2054 Rock Port Drive
- Market: Harrisonburg, VA
- Broker: Kyle Danielson - Horvath & Tremblay
Kyle Danielson of Horvath & Tremblay represented the seller in this transaction, facilitating the sale of the property while ensuring all aspects of the deal were managed efficiently.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$348,199.73
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,195.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,949.58
Annual Debt Service$371,394.99
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