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99999 Broadway St. 8 Properties Offered at £7,417,953 in Asheville, NC
INVESTMENT HIGHLIGHTS
- Fresh leases on all spaces.
- On site parking.
- Combination of high end Retail, Office, and Flex.
- Personal guaranteed leases and corporate lease in place.
- High traffic and high visibility area.
- Most buildings have been completely renovated.
EXECUTIVE SUMMARY
Rare investment opportunity in downtown Asheville, NC! This portfolio offers nearly an entire city block with 9 parcels, 7 buildings. Spanning nearly 2 acres and ±53,909 SF, the property boasts 100% occupancy with fresh NNN leases. Tenants include established businesses such as Withers Ravenel, Resurrection Studios, Stokers Studio Bicycles, DayTrip, Palmetto Dist., IncredMed and Atomic Furnishings. Strategically positioned in a high-visibility area with strong traffic counts, the portfolio also provides ample parking and exceptional accessibility. Priced at $9,900,000 with a 7.2% cap rate, this is an unparalleled chance to own a thriving downtown investment in one of the Southeast's hottest markets!
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PROPERTY FACTS
| Price | £7,417,953 | Status | In Exchange |
| Price psf | £138.00 / sq ft | Number of Properties | 8 |
| Sale Condition | Portfolio Sale | Individually For Sale | 0 |
| Yield | 7.20% | Total Property Size | 53,755 sq ft |
| Sale Type | Investment | Total Land Area | 1.76 ac |
| Price | £7,417,953 |
| Price psf | £138.00 / sq ft |
| Sale Condition | Portfolio Sale |
| Yield | 7.20% |
| Sale Type | Investment |
| Status | In Exchange |
| Number of Properties | 8 |
| Individually For Sale | 0 |
| Total Property Size | 53,755 sq ft |
| Total Land Area | 1.76 ac |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 178 Broadway St, Asheville, NC 28801 | Industrial | 3,825 sq ft | 1977 | - |
| 176 Broadway St, Asheville, NC 28801 | Industrial | 3,525 sq ft | 1976 | - |
| 9999 Marcellus St, Asheville, NC 28801 | Land | 0.14 ac | - | - |
| 166 Broadway St., Asheville, NC 28801 | Land | 0.14 ac | - | - |
| 160 & 164 Broadway St, Asheville, NC 28801 | Light Industrial | 29,660 sq ft | 1919 | - |
| 24 Marcellus St, Asheville, NC 28801 | Light Industrial | 5,845 sq ft | 2000 | - |
| 174 Broadway St, Asheville, NC 28801 | Retail | 8,680 sq ft | 1922 | - |
| 170 Broadway St, Asheville, NC 28801 | Retail | 2,220 sq ft | 1927 | - |
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99999 Broadway St.
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