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:
- 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.
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