B+E, the first brokerage and technology platform for net lease real estate, announced the listing of a fully-leased, approximately 130,185 SF distribution center located at 880 Acorn Drive, Harrisonburg, VA for $7,200,000.
NEW YORK, NY, October 29, 2019 /24-7PressRelease/ — B+E, the first brokerage and technology platform for net lease real estate, announced the listing of a fully-leased, approximately 130,185 SF distribution center located at 880 Acorn Drive, Harrisonburg, VA for $7,200,000.
The NN lease is at a below market rental rate with a single tenant, American Tire Distributors, and sits on +/- 12.45 acres of land and is listed at a cap rate of 6.25%. The building was expanded by 40,000 SF in 2017 and has excess land for additional expansion or another building.
“This is a great investment opportunity with an established $5 billion business,” said Tim Hain with B+E. “American Tire Distributors has a network of 146 distribution centers/mixing warehouses and this location is in the largest city on the I-81 corridor in Virginia. Harrisonburg is an attractive city due to its affordable labor rates, highly skilled and professional workforce, and James Madison University supplying talent for all fields.
“Many other companies have their distribution/manufacturing and food processing facilities in the Harrisonburg MSA such as Walmart, Marshalls, MillerCoors, Cargill, Perdue, Danone North America, Sysco, American Tire Distribution and Bridgewater Foods.”
B+E is a modern investment brokerage firm, specializing in net lease real estate. The firm helps clients buy and sell single tenant real estate. Founded by deeply experienced brokers, B+E redefines trading through an intuitive end-to-end transaction platform comprising of user-friendly dashboards and an AI-driven exchange — all leveraging the largest data set in the net lease industry.
Complementing senior talent with exceptional technology, B+E’s proprietary process affords greater speed, unrivaled transaction efficiencies, and stronger asset value. With offices in New York, Chicago, Atlanta, Denver, Tampa and San Francisco, its brokers trade property for clients across the US. B+E allows virtually anyone to confidently trade net lease real estate.
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