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800 Centre Park Dr
Asheville, NC 28805 Town Mountain

$3,795,000 USD

Office For Sale  •  16,480 SF

Property Details

  • Property Type Office
  • Total Building Size 16,480 SF
  • Lot Size 1.34 AC
  • Building Class B
  • Year Built 2001
  • Cap Rate 9.25 %
  • Tenancy Single
  • Zoning OB
35 Transit Score
8 Walk Score

Highlights

Newer 2001 built to suit construction in desirable Asheville, NV market on large 1.34 acre parcel.
Located in business park with historical occupancy near 100%.
Lease guaranteed by United States Government with strong Social Security Administration tenant.
Fantastic demographics and local drivers in surrounding area.
Lease expires June 2027 allowing collection of cash flow with 9.25% CAP and potential owner user opportunity in irreplaceable, Asheville, NC location.
Located on a hill thereby avoiding potential flooding issues that surrounding properties may face.

Property Flyers

Financial Summary (Actual)

Net Operating Income: $351,174 USD (2024)
Cap Rate: 9.25 %
Total Expenses: $138,501 USD

Major Tenants

Tenant SF Occupied Lease End Date
GSA National Capital Region 11
Social Security Administration

Public Transportation

AirportDriveWalkDistance
Asheville Regional 25 min - 16.7 mi
Jon Holmquist 415-625-2117 Jon Holmquist
Jon Holmquist 415-625-2117 Jon Holmquist