$1,450,000
$1,515,000
4.3%For more information regarding the value of a property, please contact us for a free consultation.
6,375 SqFt
SOLD DATE : 11/08/2019
Key Details
Sold Price $1,450,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 6,375 sqft
Price per Sqft $227
MLS Listing ID 3451795
Sold Date 11/08/19
Year Built 2003
Lot Size 1.140 Acres
Acres 1.14
Property Sub-Type Commercial
Property Description
100% occupied by long-term regional and national credit tenants with average occupancy of 13 years. Asking price represents 7.75% all-cash cap rate of in-place NOI. Leveraged IRR exceeds 18%. Major interior remodel totaling +/- $235,000 completed on 85% of center in 2018.
***FOR A COMPLETE OFFERING MEMORANDUM, PLEASE RETURN FULLY EXECUTED CONFIDENTIALITY AGREEMENT ATTACHED
Location
State NC
County Buncombe
Exterior
Total Parking Spaces 27
Building
New Construction false
Others
Restrictions Deed
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
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Bought with Jeremy Goldstein • G/M Property Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "