5200 Fort Avenue - SOLD

SOLD

5200 Fort Avenue, Lynchburg, Virginia 24502

Listing Price - $1,400,000

This represents a sale-leaseback of an existing 7,504-square foot law office occupied by Patel & Dalrymple, PLLC, a local law firm. The proposed leaseback terms are as follows: 5-year initial term, rent of $10,000/month, triple net terms. An extensive renovation and addition to the property were completed in 2016. The indicated capitalization rate is 8.57%.