53 Asheland Avenue 3 Office Condos Offered at £1,393,925 in Asheville, NC
INVESTMENT HIGHLIGHTS
- Fully Leased Condos
- Located in Downtown Asheville
EXECUTIVE SUMMARY
Passive investment opportunity in downtown Asheville! This fully-leased condo portfolio is located in the heart of the thriving South Slope food and beverage , and boasts abundant parking, secure / zero grade entry, and strong monument sign visibility on Asheland Avenue and Grove Street. Attractive long-term leases include the State of NC (Mountain Area Workforce Development Board), and the non-profit Buncombe County Partnership for Children. Condo Suites 102A, 104, and 105 are offered together at a 7.78% capitalization rate on blended and stabilized net rent!
PROPERTY FACTS
| Price | £1,393,925 |
| Price / SF | £212.36 / SF |
| Net Initial Yield | 7.78% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 6,564 SF |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
The Asheland Center
53 Asheland Ave, 1st Floor - Unit 105, Asheville, NC 28801 |
Office Unit | 2,282 SF | 1970 | - |
|
The Asheland Center
53 Asheland Ave, 1st Floor - Unit 102A, Asheville, NC 28801 |
Office Unit | 2,000 SF | 1970 | - |
|
The Asheland Center
53 Asheland Ave, 1st Floor - Unit 104, Asheville, NC 28801 |
Office Unit | 2,282 SF | 1970 | - |
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