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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 ($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 Number | 9657-41-1845-00000 | Improvements Assessment | $3,862,600 |
| Land Assessment | $1,183,700 | Total Assessment | $5,046,300 |
PROPERTY TAXES
Parcel Number
9657-41-1845-00000
Land Assessment
$1,183,700
Improvements Assessment
$3,862,600
Total Assessment
$5,046,300
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605 Sweeten Creek Industrial Park | 575-605 Sweeten Creek Industrial Park
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