Newest Retail Purchase - Harrisonburg, VA

[Cassidy Burns]

Investment Info:

Retail commercial investment investment.

Purchase price: $3,200,000
Cash invested: $800,000

1st Acquisition in our Commercial Opportunity Fund. We were able to negotiate great seller finance terms with 20% down, a 4% interest rate for the first 2 years, and a 5% interest rate for the remaining 8 years, fully interest-only. This asset is under rented ($9.62/ SQ FT) and our value add strategy is by placing long term leases into the 1 vacant space and bringing the other current tenants up to market value rents (~$14.50/SQ FT). We are justifying these eventual rental increases by investing back into the building and the tenants. We are doing exterior paint of the building, new lighting in the parking lot, exterior fence around the perimeter of the complex, and a new monument sign to help with tenant exposure.

What made you interested in investing in this type of deal?

Great debt
Value add potential with placing new tenants

How did you find this deal and how did you negotiate it?

Off Market through broker relationships

How did you finance this deal?

Seller Financing the debt, we raised the equity through out Commercial Opportunity Fund

How did you add value to the deal?

Immediate CAPEX (exterior paint, new lighting, fence around exterior, and new monument sign)
Placing new tenants in vacant space and slowly increasing rents to market rate

What was the outcome?

Purchased July 1, 2025

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

BPG Holdings and BPG Real Estate