1269 Tunnel Road

    Asheville, NC 28805
    • $1,564,000
    • STATUS: Active
    • ON SITE: 31 days
    • ID#: 3451795
    UPDATED: 25 min ago
    $1,564,000
    • 0
      BEDS
    • 1.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,375
      SQFT
    • $245
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2003
    County:
    Area:

    School Ratings & Info

    Offered by G/M Property Group. Copyright 2018 Carolina Multiple Listing Services. All rights reserved.

    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

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    The data relating to real estate on this Web site derive in part from the Carolina Multiple Listing Services, Inc. IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Puffer Properties - Keller Williams Professionals nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2018 Carolina Multiple Listing Services, Inc. Data last updated 2018-12-14T08:58:52.153.

    Digital Millennium Copyright Act
    www.homefinderasheville.com/homes/89331832

    1269 Tunnel Road Asheville, NC 28805

    • Price: $1,564,000
    • Status: Active
    • Updated: 25 min ago
    • ID#: 3451795
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.14
    Acres
    6,375
    SQFT
    $245
    $/SQFT
    2003
    Built
    Neighborhood:
    Asheville
    County:
    Buncombe
    Area:
    Asheville
    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
    Exterior Features

    Buildings 3 Total Parking 27

    Interior Features

    Max Sq Ft Avail 0 Min Sq Ft Avail 0

    Property Features

    Agent Owner No Commercial Type Fstan/Ret In City Yes New Construction No Restrictions Deed Restrictions Description N/A Sale Lease Includes Building Secondary Type Fstan/Ret Special Conditions None Zoning Hb



    The data relating to real estate on this Web site derive in part from the Carolina Multiple Listing Services, Inc. IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Puffer Properties - Keller Williams Professionals nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2018 Carolina Multiple Listing Services, Inc. Data last updated 2018-12-14T08:58:52.153.

    Digital Millennium Copyright Act
     
    Puffer Properties - Keller Williams Professionals
    86 Asheland Avenue
    Asheville NC, 28801
    Offered by G/M Property Group. Copyright 2018 Carolina Multiple Listing Services. All rights reserved.