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41 Oakland Rd
Asheville, NC 28801 Livingston

$2,250,000 USD

Medical Condo For Sale • 7,857 SF

Property Details

Property Type Medical
Total Building Size 22,000 SF
Lot Size 1.45 AC
Building Class B
Year Built 1993
Tenancy Multiple
Zoning INST

35 Transit Score

42 Walk Score

1 Unit Available

Name

Condo Use

Size

Price

Details

1st Floor - Unit 100

Medical Office

7,857 SF

$2,250,000 USD

Unit Size: 7,857 SF
Condo Use: Medical Office
Price: $2,250,000 USD
Sale Type: Owner User
Price/SF: $286.37 USD

Description

Rare medical office investment opportunity in the medical district of Asheville, NC. National credit tenant Mission Family Medicine (HCA) with 4 years of term left on the lease. Currently at a 7.23% CAP Rate with 2.5% annual rental increases. Tenant has one remaining 5-year option to extend. This condo has a modern medical layout that includes 19 exam rooms, additional private offices, and a large waiting room. Asset benefits from being located in a dense medical corridor with little vacancy for additional medical providers this close to the hospital. 1.5 miles from I-40 (51,000 VPD). 1.5 miles to downtown Asheville.

Description

Rare medical office investment opportunity in the medical district of Asheville, NC. National credit tenant Mission Family Medicine (HCA) with 4 years of term left on the lease. Currently at a 7.23% CAP Rate with 2.5% annual rental increases. Tenant has one remaining 5-year option to extend. This condo has a modern medical layout that includes 19 exam rooms, additional private offices, and a large waiting room. Asset benefits from being located in a dense medical corridor with little vacancy for additional medical providers this close to the hospital. 1.5 miles from I-40 (51,000 VPD). 1.5 miles to downtown Asheville.

                
                    Highlights
                
                                Medical Office Investment Sale | 7.23% CAP Rate with Under Market Rent
                            
                                National Credit Tenant: Mission Family Medicine/HCA
                            
                                4 Years Left on Term with Annual Rental Increases | 1 Option to Extend (5 YR)
                            
                                Tenant has been in this building for over 20 years

Property Flyers

OM - 41 Oakland Rd - Investment Sale

Public Transportation

Airport	Drive	Walk	Distance
Asheville Regional	21 min	-	11.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	80
Type:	Surface
Included in Rent:	Yes

Austin Tyler, SIOR 828-337-9656 Dewey Property Advisors

41 Oakland Rd Asheville, NC 28801 Livingston

$2,250,000 USD

Property Details

1 Unit Available

Description

Description

Highlights

Property Flyers

Public Transportation

Parking Details

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41 Oakland Rd
Asheville, NC 28801 Livingston