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100 Community Dr
2,946 SF Office/Medical Condo Unit Offered at $702,500 in Waynesboro, VA 22980
Investment Highlights
- Fully occupied by Ivy Rehab Synergy Rehab & Wellness.
- Two 5-Year Renewal Options / Corporate Guarantee.
- Located within a significant commercial corridor within the city.
- Triple-Net Lease Structure / Two Percent Annual Rental Increases.
- Three Years of Lease Term Remaining.
- Close proximity to downtown.
Property Facts
| Price | $702,500 | Sale Type | Investment |
| Unit Size | 2,946 SF | Building Class | B |
| No. Units | 1 | Floors | 1 |
| Total Building Size | 3,000 SF | Typical Floor Size | 3,000 SF |
| Property Type | Office (Condo) | Year Built | 2019 |
| Property Subtype | Medical | Lot Size | 0.68 AC |
| Price | $702,500 |
| Unit Size | 2,946 SF |
| No. Units | 1 |
| Total Building Size | 3,000 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Sale Type | Investment |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 3,000 SF |
| Year Built | 2019 |
| Lot Size | 0.68 AC |
1 Unit Available
Unit B
| Unit Size | 2,946 SF | Sale Type | Investment |
| Price | $702,500 | Cap Rate | 7.65% |
| Price Per SF | $238.46 | NOI | $53,741.25 |
| Condo Use | Office/Medical |
| Unit Size | 2,946 SF |
| Price | $702,500 |
| Price Per SF | $238.46 |
| Condo Use | Office/Medical |
| Sale Type | Investment |
| Cap Rate | 7.65% |
| NOI | $53,741.25 |
Sale Notes
Marcus & Millichap is pleased to present 100-B Community Drive, Waynesboro, VA 22980. This 2,946-square foot medical
office is fully occupied by Ivy Rehab Synergy Rehab & Wellness, operating under a triple-net lease structure with 2 percent
annual rental increases and two, 5-year renewal options. There are approximately three years of lease term remaining on an
initial five year lease structure.
Ivy Rehab has expanded to more than 50 Virginia outpatient clinics through partnerships with Synergy Rehab and Wellness.
"When looking for a partner, we seek a leader who matches our culture of upholding the highest clinical standards and who
creates spectacular experiences for their teammates and patients. Tobin has demonstrated he is precisely the partner Ivy Rehab
seeks out," said Michael Rucker, CEO of Ivy Rehab. "We are thrilled to expand our Virginia footprint and be able to provide
high-quality, innovative care with the best patient outcomes as our collective goal alongside Tobin and Synergy Rehab and
Wellness."
Waynesboro is a community of outdoor enthusiasts that has emerged as a major retail center in Augusta County. It borders
the Charlottesville MSA to the east and Harrisonburg MSA to the north. Its location in the heart of Shenandoah Valley
provides access to a variety of employment opportunities within an easy 45-minute commute and ample recreational assets.
Waynesboro’s rich history, national parks, and award-winning brewery scene attracts visitors from all over the United States.
Amenities
- Air Conditioning
zoning
| Zoning Code | HB (Highway Business) |
| HB (Highway Business) |
Learn More About Investing in Office Space
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100 Community Dr
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