• Broker James Wilson 8286844344

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

View Photo

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 $113.77 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
Zoning CI - Commercial
Price $14,950,000
Price Per SF $113.77
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
Zoning CI - Commercial

PROPERTY TAXES

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

PROPERTY TAXES

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

MAP

ADDITIONAL PHOTOS

View Photo 575 Sweeten Creek photo 2
View Photo 605 Floor Plan measurments
View Photo 575 Sweeten creek photo
View Photo 605 sweeten ck photo 1
View Photo 605 Sweeten Ck photo 2
View Photo 605 Sweeten ck photo 3
View Photo 605 Sweeten ck photo 4
View Photo 605 Sweeten Ck photo 5
View Photo 605 Sweeten Ck photo 6
View Photo 605 Sweeten Ck photo 7
View Photo 605 Sweeten Ck photo 8
View Photo 605 Sweeten ck photo 9
View Photo 605 Sweeten ck photo 12
View Photo 605 Sweeten Ck photo 13
View Photo 605 Sweeten Ck photo 14
View Photo 605 Sweeten Ck photo 15
View Photo 575 Floor Plan measurments
View Photo 605 Sweeten Creek photo 2
  • Listing ID: 30938234

  • Date on Market: 2/12/2024

  • Last Updated: 5/29/2025

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