Listing by: Jason Burk, Whitney Commercial Real Estate, jburk@whitneycre.com
0 Beds
n/a Full bath
n/aSqFt
Closed
This stunning facility is a one-of-a-kind Sale/Leaseback investment opportunity for a well-established 100-year-old company. The Company, Reich, is a leading manufacturer of turned parts such as transmission and steering system components, ball bearings, and components. The investment is offered at a 7.25% cap rate. Reich, LLC, will sell the real estate and lease it back for 15 years. This is an absolute NNN lease with NO LANDLORD MAINTENANCE. This property is a relatively new, exquisitely beautiful, advanced manufacturing facility less than 25 years old with upgrades, renovations, and additions that occurred within the last decade. Vista Industrial Park is strategically located within 1 mile of I-26, with easy access to the ports of Charleston and Greenville, SC.
Property Details | ||
|---|---|---|
| Price | $8,107,531 | |
| Close Price | $8,107,531 | |
| Lot Size Area | 9.4 | |
| Lot Size Area Units | Acres | |
| Property Type | Commercial | |
| Sub type | Industrial | |
| MLS Sub type | Industrial | |
| Stories | 1 | |
| Year Built | 1999 | |
| Heating | Forced Air | |
Geographic Data | ||
| Directions | Vista Industrial Park-a large, well maintained and managed, Industrial Real Estate neighborhood located South of Asheville. Easy Interstate Access 1 mile from I-26. | |
| County | Buncombe | |
| Latitude | 35.465282 | |
| Longitude | -82.581528 | |
Address Information | ||
| Address | 140 Vista Boulevard, Arden, NC 28704 | |
| Postal Code | 28704 | |
| City | Arden | |
| State | NC | |
| Country | United States | |
Listing Information | ||
| Listing Office | Whitney Commercial Real Estate | |
| Listing Office Phone | 828-665-9085 | |
| Listing Agent | Jason Burk | |
| Listing Agent Phone | 828-674-2120 | |
| Sub Agency Compensation Type | % | |
| Buyer Agency Compensation | 2.25 | |
| Attribution Contact | jburk@whitneycre.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 | |
MLS Information | ||
| Days on market | 55 | |
| MLS Status | Closed | |
| Listing Date | Jan 30, 2024 | |
| Listing Last Modified | Jun 4, 2024 | |
| Tax ID | 9634-33-7548-00000 | |
| MLS # | CAR4104936 | |
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Listings courtesy of Canopy MLS as distributed by MLS GRID.
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