605 Sweeten Creek Industrial Park 575-605 Sweeten Creek Industrial Park
131,400 SF 100% Leased Flex Building Asheville, NC 28803 $14,950,000 ($113.77/SF) 5.99% Cap Rate
INVESTMENT HIGHLIGHTS
- Fantastic Investment Property
EXECUTIVE SUMMARY
Two industrial warehouse - 2 buildings with great office space in Asheville. Long-term lease tenant in place with 9 years left on existing lease. Rent increase beginning 1/1/2025. 131,400/ of in two buildings on 6.15/ac in total. Two properties for sale, 575 Sweeten Creek Rd and 605 Sweeten Creek Rd. Properties are to be sold together. Fully conditioned building. No drive-byes. DO NOT DISTURB THE EXISTING TENANT, Plasticard Locktech International. 5.89% CAP rate today with 2% rent increases or COLA each year. 575 has about 1,700/sf office and 605 has about 15,600/sf of office space.. Numerous Truck Docks and Drive-In Doors.
PROPERTY FACTS
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $5,722,100 | |
| Land Assessment | $1,626,400 | Total Assessment | $7,348,500 |
ZONING
| Zoning Code | CI (Commercial) |
