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Lot 1 375 Rockwood Rd 10,000 SF Industrial Building Arden, NC 28704 $1,999,000 ($199.90/SF) 6.20% Cap Rate
INVESTMENT HIGHLIGHTS
- Great Tenant
- NNN Lease in place
- Investment Opportunity
EXECUTIVE SUMMARY
Investment Opportunity of a fully leased Warehouse building through 6/1/2033 with 3% escalations annually. 10,000/sf building and 2.23/ac of land is now for sale. Great income producing property with a great tenant. Property is close to I-26, Airport Rd and tons of Retail and Restaurants.
PROPERTY FACTS
| Price | $1,999,000 | Rentable Building Area | 10,000 SF |
| Price Per SF | $199.90 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1986 |
| Cap Rate | 6.20% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 3/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 15’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 3 |
| Lot Size | 2.35 AC | ||
| Zoning | EMP | ||
| Price | $1,999,000 |
| Price Per SF | $199.90 |
| Sale Type | Investment |
| Cap Rate | 6.20% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.35 AC |
| Rentable Building Area | 10,000 SF |
| No. Stories | 1 |
| Year Built | 1986 |
| Tenancy | Single |
| Parking Ratio | 3/1,000 SF |
| Clear Ceiling Height | 15’ |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | EMP |
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Asheville Martial Arts and Fitness
- -
- 10,000 SF
- $12.41
- Triple Net
- Jun 2033
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Asheville Martial Arts and Fitness | - | 10,000 SF | $12.41 | Triple Net | Jun 2033 |
1 1
PROPERTY TAXES
| Parcel Number | 9643-57-7982-00000 | Improvements Assessment | $238,500 |
| Land Assessment | $324,800 | Total Assessment | $563,300 |
PROPERTY TAXES
Parcel Number
9643-57-7982-00000
Land Assessment
$324,800
Improvements Assessment
$238,500
Total Assessment
$563,300
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Lot 1 | 375 Rockwood Rd
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