$895,000 Prime Location in South Asheville Corridor! ±10,836 SQFT Flex Warehouse & Office Space in South Asheville SEE INSIDE FOR MORE INFORMATION!
1276 Hendersonville Road Sisbro Properties, LLC (the Seller ), through as its exclusive agent, is soliciting offers for the purchase of 1276 Hendersonville Road, Asheville, NC 28803 (the Property ). This quality warehouse & office facility offers a prime location with upside potential and excellent access. EXECUTIVE SUMMARY OFFERING TERMS Seller seeks offers from qualified buyers to acquire the Property, which will be conveyed by general warranty deed subject to a short due diligence period. INVESTMENT HIGHLIGHTS Building Area: ±10,836 SQFT ±70% warehouse / 30% finished office ±60% owner occupied / 40% leased short term to two tenants. Seller will vacate upon sale Site area: 0.65 acres Easy access and excellent location in affluent South Asheville ±5 miles from downtown Extremely versatile building can accommodate single to multiple occupants. Currently configured for 3 users Central HVAC in office areas Ideal for office / showroom & warehouse distribution High traffic counts: ±30,000 vehicles per day on Hendersonville Rd. 15-18 ceilings in warehouse 1 loading dock; 3 drive-in bays Excellent opportunity for owner-user or as income-producing property for investors
INVESTMENT SUMMARY PRICE $895,000 GROSS BUILDING AREA ±10,836 SQFT PRICE PER SQFT $82.60 GROSS LAND AREA ±0.65 acres PRICE PER ACRE $1,376,923 LEGAL PIN: 9656-05-4119-00000 Deed Bk/Pg: 4209/1208 Plat Bk/Pg: 81/133 CURRENT BUILDING INSURANCE $3,420/year 2017 TAXES $8,507.84 UTILITIES Public water & sewer: Avg. $300/mo Electric: Avg. $450/mo ZONING HB - Highway Business LOCATION Located on Hendersonville Rd. just south of Biltmore Forest GENERAL DESCRIPTION ±10,836 SQFT flex warehouse, on ±0.65 acres, located on Hendersonville Road corridor. Great access and excellent location in busy, affluent south Asheville. Currently used as office, retail & warehousing with 3 occupants. Easily reconfigured to suit retail/medical/office/ distribution uses. OCCUPANCY OCCUPANT AREA BREAKDOWN - SF AREA - SF MONTHLY RENT RENT PSF EXPIRATION COMMENTS Owner-Occupied Office: ±1,300 Warehouse: ±5,244 ±6,544 NA NA NA Will Vacate at Closing Quality Janitorial Group Office: ±1,288 Warehouse: ±2,224 ±3,512 $2,430 $8.30 Month to Month LL: Full Service TT: Janitorial Accelerated Adjusting LLC TOTAL Office: ±780 ±780 $350 $5.38 2/12/19 LL: Full Service TT: Janitorial ±10,836 SQFT APPROXIMATELY 3,368 SF (30%) OFFICE & 7,468 SF (70%) WAREHOUSE 60% IS OWNER OCCUPIED TO BE VACATED AT CLOSING / REMAINING 40% IS LEASED SHORT TERM SEE FLOOR PLAN ON LAST PAGE 2017 PROPERTY ASSESSMENT/TAXES PIN # 9656-05-4119-00000 JURISDICTION RATE/$100 Buncombe County: $0.5390 City of Asheville: $0.4289 Total Rate: $0.9679 PROPERTY ASSESSED VALUE Land $431,800 Building $447,200 Total: $879,000 TOTAL TAXES: $8,507.84 DEMOGRAPHICS 2017 DEMOGRAPHICS 1 MILE RADIUS 5 MILE RADIUS 10 MILE RADIUS Population 3,565 72,937 207,456 Median Age 43 42 42 Average Household Income $89,449 $69,317 $67,658
BUILDING DESCRIPTION GROSS AREA ±10,836 SQFT AREA BREAKDOWN ±3,368 SQFT office (30%) ±7,468 SQFT warehouse (70%) 60% owner occupied 2 short term tenants YEAR BUILT 1981 CONSTRUCTION Steel Frame, Metal Panels, Drywall ROOF Metal grid acoustic tile, exposed metal frame FOUNDATION Concrete Slab INTERIOR FINISHES Carpet & concrete Painted drywall in finished area metal frame in warehouse HVAC Central heating & A/C - office only LIGHTING Florescent RESTROOMS 4 restrooms UTILITIES Water City of Asheville Sewer Metropolitan Sewerage District Electric Duke Energy Progress ADDITIONAL FEATURES Front & rear entries Abundant windows w/ natural light All fixtures included Asphalt paved parking Buncombe County GIS
SITE PLAN
Biltmore Forest Country Club SUBJECT Hendersonville Rd South Asheville Baptist Church Ascot Point Village Apts Carolina Day School Blue Ridge Parkway Hendersonville Rd Nettlewod Professional Park Asheville Racquet Club Sw eten Creek Rd SITE DESCRIPTION LOCATION Located on Hendersonville Rd just south of Biltmore Forest SITE AREA ±0.65 acres ACCESS Located off 4-lane US Hwy 25 SHAPE Rectangular TRAFFIC COUNTS ±30,000 VPD on Hendersonville Rd PARKING ±10 spaces FLOOD HAZARD None TOPOGRAPHY Generally level to gently sloping EASEMENTS Shared driveway right of way UTILITIES Public water & sewer Gas available but not connected SITE WORK Asphalt paved parking lot Landscaping-minimal
LOCATION ADDRESS 1276 Hendersonville Rd Asheville, NC 28803 SUBJECT GPS COORDINATES 35.526459, -82.528342 All information is from sources deemed reliable. No warranty nor representation is made as to the accuracy thereof and all information herein is subject to errors, omissions or change without notice. FOR MORE INFORMATION Please contact Jeremy Goldstein or John Menkes at G/M PROPERTY GROUP, LLC P.O. Box 18723 Asheville, NC 28814 (828) 281-4024 jgold@gmproperty.com jmenk@gmproperty.com www.gmproperty.com Jeremy Goldstein John Menkes YOUR COMMERCIAL REAL ESTATE EXPERTS SINCE 2001.