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2054 Rock Port Drive

Kyle Danielson Of Horvath & Tremblay Brokers $6.53M Sale Of Retail Asset In Harrisonburg VA
SOLDRetail

Kyle Danielson Of Horvath & Tremblay Brokers $6.53M Sale Of Retail Asset In Harrisonburg VA

2054 Rock Port Drive

$6,528,745

Building Size

Asset Type

Retail

Closing

Oct 21, 2024

AI

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:

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.

Players

Kyle Danielson

Horvath & Tremblay

Broker

$55.2M

vol

15 deals

Broker

Harrisonburg Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.43%

Cash-on-Cash

-0.69%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93