$689,900 TURNKEY! Medical Office Condo Overlook at Lake Julian SEE INSIDE FOR MORE INFORMATION!
600 Julian Lane Unit 640 Patricia McGraw Enterprises, Inc. (the Seller ), through G/M Property Group, LLC as its exclusive agent, is soliciting offers for the purchase of 600 Julian Lane, Building C, Unit F, Arden, North Carolina 28803 ( the Property ). EXECUTIVE SUMMARY OFFERING TERMS Seller seeks offers from qualified buyers to acquire the Property. The Property will be conveyed by general warranty deed and is available on an As Is basis subject to a short due diligence period. INVESTMENT HIGHLIGHTS ±1,959 SQFT turnkey medical office condo Extremely high-end quality interior finish Located in upscale Overlook at Lake Julian business park with mix of office, medical and retail tenants Serving affluent South Asheville with an average household income over $80,000 in a 3-mile radius Traffic counts over 37,000 vehicles per day on Long Shoals Road Superb access to three major commercial arteries: - Long Shoals Rd (NC 146) - Hendersonville Rd (Hwy 25) - Interstate 26 Only 1 mile to Biltmore Park, Asheville s premier mixed-use urban development Move in ready! CO-TENANTS INCLUDE Allergy Partners Champion Eye Care Mountain Podiatry Pinnacle Animal Hospital Asheville Smile Center Cornerstone Physical Therapy Asheville Medicine & Pediatrics tiltworks Allstate Insurance Vasode Vino Wine Market ABC Store Firehouse Subs Pomodoros Long Shoals Road Overlook Road Ext
INVESTMENT SUMMARY PRICE $689,900 CONDO AREA ±1,959 SQ FT PRICE PER SQFT $352.175 SITE AREA ±4.00 ACRES LEGAL Pin #: 9644-79-2129-C600F Deed Bk/Pg: 4414 / 1784-1785 Plat Bk/Pg: 114/110 CONDO DOCS Declaration -Deed Bk/Pg: 4338 / 1924-1973 1st Amendment -Deed Bk/Pg: 4403 / 1120-1122 2nd Amendment -Deed Bk/Pg: 4487 / 1021-1026 3rd Amendment -Deed Bk/Pg: 4580 / 1034-1036 4th Amendment -Deed Bk/Pg: 4593 / 1480-1482 CONDO DUES (MONTHLY) $938.69 2017 PROPERTY TAXES $4,358.46 MARKET SUMMARY Overlook Road Ext The Property is located in the Asheville Metropolitan Statistical Area (A-MSA), the economic engine for Western North Carolina (WNC). Asheville is the 11th largest city in the state with just over 89,000 people. It is the regional center for health care, professional services, banking, manufacturing, transportation, and shopping, serving approximately 500,000 people in WNC. I-40 and I-26, both major national thoroughfares for shipping and transportation, serve the Asheville-MSA. Long Shoals Rd The Property is located ±9 miles from downtown Asheville, and is well-situated to serve communities of WNC and beyond. The A-MSA s natural and architectural beauty, climate, strong job market, and outstanding educational and health care facilities make it one of the most attractive locations in the USA. Nationally, the area is consistently ranked among the top 10 places to live, work and retire. The Asheville MSA has averaged 1.6% annual population growth since 1990, almost double the rate during the period 1980-1990. It also continues to outpace national growth, ZONING CBII- Community Business II YEAR BUILT 2006 LOCATION The Overlook at Lake Julian - a high-end mixed use development ±1.2 mile to I-26 Exit 37 ±0.7 mile to Hendersonville Hwy ±1.0 mile to Biltmore Park TRAFFIC COUNTS ±37,000 VPD on Long Shoals Road GENERAL DESCRIPTION Turnkey ground floor medical condo ready for immediate occupancy. Completed in 2007, this space features high quality, modern finishings inside and out, ample parking, and prime location. 2017 PROPERTY ASSESSMENT/TAXES ASSESSMENT 9644-79-2129-C600F Land: Building: DEMOGRAPHICS VALUE 0 $450,300 JURISDICTION Buncombe County: City of Asheville: RATE/$100 $0.5390 $0.4289 $2,427.12 $1,931.34 Total: $450,300 Total Rate: $0.9679 $4,358.46 2017 DEMOGRAPHICS 1 MILE RADIUS 3 MILE RADIUS 5 MILE RADIUS Population 1,649 11,577 26,994 Median Age 40 43 43 Average Household Income $98,929 $80,742 $77,740 TAX
CONDO DESCRIPTION TYPE 1st Floor Medical Condo in 2-Story Building BUILDING LOCATION Building C - 600 F CONDO AREA ±1,959 SQFT YEAR BUILT 2006 (Shell) 2007 (Upfit) FOUNDATION Concrete Slab EXTERIOR FINISH Stucco & Stone WINDOWS Fixed Casement ROOF Flat HVAC Heatpump ELECTRICAL Standard Commercial Grade STAIRWELLS None (1-level) ELEVATOR None (1-level) Main Entrance FLOOR COVERINGS Carpet, Linoleum, Slate WALL Painted Drywall CEILINGS Acoustic Panels CEILING HEIGHT 10 Feet LIGHTING Fluorescent & Incandescent RESTROOMS Two Ample Parking
Hallway Office
Reception / Waiting Area Exam Room
Break Room Office Manager
Nurse Station Reception Laboratory Bathroom
FLOOR PLAN
SURVEY
Living Savior Lutheran Church TC Roberson High School Valley Springs Middle School Koontz Intermediate School Overlook Rd Long Shoals Rd Long Shoals Rd The OVERLOOK at Lake Julian Lake Julian SITE DESCRIPTION LOCATION The Overlook at Lake Julian, a mixed use development on Long Shoals Road ±1.2 miles to I-26 ±0.7 miles to Hendersonville / Hwy 25 ±1.0 miles to Biltmore Park ACCESS Long Shoals Road TRAFFIC COUNTS ±37,000 vehicles daily on Long Shoals Rd SITE AREA 4.00 Acres - undivided common interest PARKING Paved open surface including ADA marked spaces - undivided interest in parking ROAD FRONTAGE ±320 Feet on Long Shoals Road UTILITIES Water - City of Asheville Sewer - City of Asheville Electricity - Duke Energy Progress TOPOGRAPHY Level FLOOD ZONE Not in a flood zone SITE WORK Paved asphalt parking area Sidewalks Walkways Common signage Concrete curbing ZONING CBII- Community Business II EASEMENTS/RESTRICTIONS See Declaration of Condominium for The Overlook at Lake Julian Condominiums
LOCATION ADDRESS 600 Julian Lane #640 Asheville, NC 28803 GPS COORDINATES 35.481892, -82.537187 All information is from sources deemed reliable. No warranty nor representation is made as to the accuracy thereof and all information above 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.