• Broker Chris Gragtmans 8649155780
  • Broker Scott Mirkin 8283350808

53 Asheland Avenue 3 Office Condos Offered at £1,376,029 in Asheville, NC

View Photo

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!

ATTACHMENTS

53Asheland_Exhibit A
53Asheland_Plat
FLOORPLAN - SUITE 102A
FLOORPLAN - SUITE 105

PROPERTY FACTS

Price £1,376,029
Price / SF £209.63 / 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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MAP

ADDITIONAL PHOTOS

View Photo 26-53 ASHELAND AVE SUITE 102A- 01
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