0 Beds

n/a Full bath

n/a SqFt


OUTSTANDING INVESTMENT OPPORTUNITY IN THE HEART OF DOWNTOWN ASHEVILLE. NEW 10-YEAR NNN LEASE TO PRESTIGIOUS FINANCIAL ADVISORY FIRM. - Prominent, historic building located in the core of downtown Asheville, NC. Meticulously renovated since 2016 into Class A office space. - New 10-year single tenant lease to creditworthy tenant, Modera Wealth Management, successor to Parsec Financial Management. - Triple net (NNN) investment opportunity requiring minimal management. - Below market rental rate provides tremendous long-term upside potential. Headquarters for Parsec Financial Management for 40 years, a testament to the firm's long term commitment to downtown Asheville. ***SEE BROCHURE FOR MORE INFORMATION***

Property Details
Price $4,450,000
Close Price $3,975,344
Lot Size Area 0.09
Lot Size Area Units Acres
Property Type Commercial
Sub type OfficeSpace
MLS Sub type Office
Year Built 1898
Roof Shingle, Rubber
Heating Heat Pump, Office Only, Separate Meters, Zoned
Parking Spaces 0
Geographic Data
Directions Main entrance 6 Wall St. Secondary access 16 College St.
County Buncombe
Latitude 35.59493
Longitude -82.554759
Address Information
Address 16 College Street, Asheville, NC 28801
Postal Code 28801
City Asheville
State NC
Country United States
Listing Information
Listing Office G/M Property Group
Listing Office Phone 828-281-4024
Listing Agent John Menkes
Listing Agent Phone 828-774-5190
Sub Agency Compensation Type %
Buyer Agency Compensation 2.5
Attribution Contact jmenk@gmproperty.com
Sub Agency Compensation 0
Buyer Agency Compensation Type %
Compensation Disclaimer The offer of compensation is made only to participants of the MLS where the listing is filed.
Special listing conditions None
Virtual Tour URL https://kuula.co/share/5vZXz?logo=1&info=0&logosize=54&fs=1&vr=0&zoom=1&autorotate=0.06&thumbs=1
MLS Information
Days on market 57
MLS Status Closed
Listing Date Nov 1, 2023
Listing Last Modified Mar 4, 2024
Tax ID 9649-30-4335-00000
MLS # CAR4080623

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This information is believed to be accurate, but without any warranty.