847 Martin Luther King Jr Way - Loft/Creative Space FOR SALE


Harrisonburg, VA 22801
$7,950,000 USD
540-421-3556
847 Martin Luther King Jr Way, Harrisonburg, VA for Sale
$7,950,000 USD
Loft/Creative Space - FOR SALE
1/12
null | 6.86% Cap Rate

847 Martin Luther King Jr Way
Harrisonburg, VA 22801


HIGHLIGHTS

  • DaVita Dialysis center and other healthcare providers are tenants.
  • Located just off I-81 Exit 247 and near James Madison University.
  • Three medical office buildings within one parcel.

OVERVIEW

This office complex has five tenants, all of whom provide healthcare services. Tenants include DaVita Dialysis Center, Sentara Healthcare, AvaCare, Bridging Health, and Chiropractic Center. The property consists of three buildings totaling 42,244 square feet. Currently, 27,256sf are leased and approximately 10,132sf is available for lease. The current leases will generate $545,567 in rental income in 2025. The tenants are responsible for all expenses through a CAM fee that is billed monthly. The Offering Price is based on a 6.86% CAP Rate on 2025 income and does not include any additional income opportunity with the current vacancy. Full details of financials and lease terms are available upon execution of a Non-Disclosure Agreement by a serious purchaser.

FOR SALE DETAILS

PRICE

$7,950,000 USD

PRICE/SF

$692 USD /SF

CAP RATE

6.86%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Copperstone Medical Offices

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

B2

APN/PARCEL ID

015-O-2

ASK ABOUT THIS PROPERTY

Kemper FunkhouserFunkhouser CommercialMore Info
540-421-3556

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Kemper FunkhouserFunkhouser CommercialMore Info
540-421-3556

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