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605 Sweeten Creek Industrial Park 575-605 Sweeten Creek Industrial Park

131,400 SF 100% Leased Flex Building Asheville, NC 28803 $14,950,000 ($114/SF) 5.99% Cap Rate

Flex Space North Carolina Asheville 575-605 Sweeten Creek Industrial Park, Asheville, NC 28803

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.

Attachments

575 & 605 Sweeten Creek Rd (Warehouse) For Sale FLYER

Property Facts

Price $14,950,000 Building Class C
Price Per SF $114 Lot Size 8.42 AC
Sale Type Investment NNN Rentable Building Area 131,400 SF
Cap Rate 5.99% No. Stories 1
Property Type Flex Year Built/Renovated 1983/1985
Property Subtype
Light Manufacturing
  • Industrial Warehouse
Price $14,950,000
Price Per SF $114
Sale Type Investment NNN
Cap Rate 5.99%
Property Type Flex
Property Subtype
Light Manufacturing
  • Industrial Warehouse
Building Class C
Lot Size 8.42 AC
Rentable Building Area 131,400 SF
No. Stories 1
Year Built/Renovated 1983/1985
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PROPERTY TAXES

Parcel Numbers
Multiple
  • 9657-32-9675-00000
  • 9657-41-1845-00000
 Improvements Assessment $5,722,100
Land Assessment $1,626,400 Total Assessment $7,348,500

PROPERTY TAXES

Parcel Numbers
Multiple
  • 9657-32-9675-00000
  • 9657-41-1845-00000
Land Assessment
$1,626,400
Improvements Assessment
$5,722,100
Total Assessment
$7,348,500

zoning

Zoning Code CI (Commercial)
CI (Commercial)
(828) 768-7098

Contact

  • Listing ID: 30938234

  • Date on Market: 2/12/2024

  • Last Updated:

  • Address: 575-605 Sweeten Creek Industrial Park, Asheville, NC 28803

More public record information on 575-605 Sweeten Creek Industrial Park, Asheville, NC 28803

The Flex Property at 575-605 Sweeten Creek Industrial Park, Asheville, NC 28803 is currently available for sale. Contact Pulliam Properties for more information.

Flex PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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575-605 Sweeten Creek Industrial Park, Asheville, NC for sale Building Photo- Image 1 of 20
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575-605 Sweeten Creek Industrial Park, Asheville, NC for sale Building Photo- Image 19 of 20
605 Floor Plan measurments

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605 Sweeten Creek Industrial Park | 575-605 Sweeten Creek Industrial Park
(828) 768-7098 x

605 Sweeten Creek Industrial Park | 575-605 Sweeten Creek Industrial Park

James Wilson

(828) 768-7098

(828) 768-7098

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