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300 Neff Avenue
Harrisonburg, VA 22801
Asking Price
$7.60M
Asset Type
Traditional Office Office
Class
Class B
What's Special
JMU-Adjacent, 100% Leased Office Properties | $14.82 PSF Avg. Rent <p><strong style="color: rgba(20, 61, 82, 1)">University-Driven Market with Strong Demographics</strong></p><p><span style="color: rgba(20, 61, 82, 1)">Harrisonburg is anchored by JMU (22,000+ students, $800M annual economic impact) and three other higher education institutions totaling 33,000+ students. The 3-mile population exceeds 59,000 with average household income projected to reach ~$97K by 2030, supporting durable demand for the professional services tenancies at both properties.</span><
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NOI
$80,000
Cap Rate
1.05%
DSCR
0.18
Underwater
Cash-on-Cash
-16.28%
Monthly Payment
$37,600.653
Annual Cash Flow
$-371,207.84
