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Harrisonburg Metro Area Transactions | January-April 2012


Ruby Tuesday (111 Burgess Road)
Brief: Net lease investment purchased from Ruby Tuesday by California investor.
Estimated cap rate of 6.75% to 7%
Price:  $1,891,560.00
Buttonwood Court
Brief: Two building multi-family investment in the Harmony Heights area of Harrisonburg. 
Price:  $1,450,000.00
George’s Foods (Collicello St)
Brief: Portfolio that included warehousing space on Collicello, office on North Liberty,
processing plant on North Liberty.
Price:  $618,200.00
Neff Avenue Commercial Condo
Brief: 1200sf retail/office condo space in close proximity to Jalisco’s, All-State,
and the Wishing Well.
Price:  $165,000.00
CarMax (South Main)
Brief: Former Dollas Hollar Ford on South Main Street purchased by CarMax.
Development not expected in 2012. 
Price: $2,900,000.00
206 South Avenue
Brief: Former Hop-In convenience store, most recently Southern Refrigeration,
sold as warehousing space.
Price: $235,000.00
312 South Main Street
Brief: The Deyerle Office property and former residence at the corner of S. Main and
Franklin. Sold at auction.
Price: $370,000.00 *excludes buyer’s premium
Childtime Learning Center (Midlothian)
Brief: Net lease investment with co-representation by Cottonwood | Commercial.
Cap rate of 8.87%
Price: $1,002,500.00
400 Augusta Avenue (Formerly Twiddy’s Grocery)
Brief: Formerly listed at $349,000 The 14,653sf former grocery sold at
auction for $130,000 excluding buyer’s premium.
Price: $130,000.00