0 Beds
n/a Full bath
n/a SqFt
Closed
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.
