1269 Tunnel RoadAsheville, NC 28805MLS Number 3451795

  • Price: $1,564,000
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Federal 30-year interest rate: 4.45% last updated on Jan 17, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 1.14Acreage
  • 2003Year Built
  • 6375Square Feet
  • 27Parking Spaces

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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

Listed by John Menkes and Jeremy Goldstein of G/M Property Group

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More Info

Parking

  • Parking Spaces27

Building

  • Year Built2003
  • Units3
  • Square Feet6375

Property

  • Acreage1.14
  • VOW1

Other

  • Modification Date11/12/2018
  • View Count2

Basic Information

  • StatusACT
  • Broker IDNCM12700
  • Property TypeCommercial
  • Property Sub TypeFStan/Ret
  • List Price$1,564,000
  • Broker NameG/M Property Group
  • ListingBoardIDAsheville Board of Realtors
  • MLS Number3451795

Location

  • Building Number1269
  • StreetTunnel
  • TownAsheville
  • StateNC
  • Zip28805
  • CountyBuncombe

Photos

  • Number of Photos3
  • DatePhoto2018-11-12T10:08:17
Cottonwood Properties
Cottonwood Properties
100 W. State St.
Suite 1
Black Mountain, NC 28711
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