558 S Main St - Office FOR SALE


Harrisonburg, VA 22801
$4,675,000 USD
540-908-7528
558 S Main St, Harrisonburg, VA for Sale
$4,675,000 USD
Office - FOR SALE
1/8
null | 6.69% Cap Rate

558 S Main St
Harrisonburg, VA 22801


HIGHLIGHTS

  • Single Tenant Class A Office Building
  • Long-term Lease with PB Mares
  • 1031 Exchange Option

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 6.69% CAP on T12 ACTUAL NOI (Nov '23 - Oct '24). Contact Listing Agent for Additional Info. Owner / Agent.

FOR SALE DETAILS

PRICE

$4,675,000 USD

PRICE/SF

$269 USD /SF

CAP RATE

6.69%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

558 S. Main St., Harrisonburg, VA

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

R-3

APN/PARCEL ID

025 M 2 3 31

ASK ABOUT THIS PROPERTY

Michael HendricksenBLUE Realty Investments & Asset ManagementMore Info
540-908-7528

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Michael HendricksenBLUE Realty Investments & Asset ManagementMore Info
540-908-7528

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.