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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 $11,950,000 ($90.94/SF) 7.33% 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 8 years left on existing lease. Rent increase beginning 1/1/2026. 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. 7.3% 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 |
Property Taxes
Parcel Numbers
Land Assessment
$1,626,400
Improvements Assessment
$5,722,100
Total Assessment
$7,348,500
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605 Sweeten Creek Industrial Park | 575-605 Sweeten Creek Industrial Park
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