Property sale / Lease

Poe & Cronk Announces Sale-Leaseback of Branch Group Headquarters Office

ROANOKE, VA – Today Poe & Cronk Real Estate Group announced the sale of 442 Rutherford Avenue which serves as the office headquarters facility for Roanoke’s Branch Group. The property was purchased by an investor in a sale-leaseback transaction that will allow the seller to remain in the facility as a tenant. The property sold for $2,900,000 at an 11.4% cap rate.

Matt Huff, CCIM and Bryan Musselwhite, CCIM of Poe & Cronk structured the transaction and represented the investor who purchased the property.

More property sales or leases by these Poe & Cronk Agents

Poe & Cronk Announces Sale of Professional Office Building Near Peter’s Creek Road

ROANOKE, VA - Poe & Cronk Real Estate Group today announced the sale of 4932 Frontage Road, Roanoke, VA. This 9,473 SF professional office building sold for $740,000 and will be occupied by the buyer, the Local Office on Aging,[...]