1269 Tunnel Road

    Asheville, NC 28805
    • $1,515,000
    • STATUS: Under Contract-Show
    • ON SITE: 343 days
    • ID#: 3451795
    Under Contract
    UPDATED: 69 min ago
    $1,515,000
    • 0
      BEDS
    • 1.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,375
      SQFT
    • $238
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2003
    County:
    Area:

    School Ratings & Info

    Offered by G/M Property Group. Copyright 2019 Canopy MLS. 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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    Based on information submitted to the MLS GRID as of 2019-10-22T09:59:10.437 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS 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 MartinGroup Properties 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. © 2019 Canopy MLS.

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    www.homesearchcharlottenc.com/homes/89331832

    1269 Tunnel Road Asheville, NC 28805

    • Price: $1,515,000
    • Status: Under Contract-Show
    • Updated: 69 min ago
    • ID#: 3451795
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.14
    Acres
    6,375
    SQFT
    $238
    $/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



    Based on information submitted to the MLS GRID as of 2019-10-22T09:59:10.437 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS 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 MartinGroup Properties 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. © 2019 Canopy MLS.

    Digital Millennium Copyright Act
     
    MartinGroup Properties
    1323 Lafayette Avenue
    Charlotte NC, 28203
    Offered by G/M Property Group. Copyright 2019 Canopy MLS. All rights reserved.