353 Banner Farm Rd - Manufacturing FOR SALE
Mills River, NC 28759 |
$5,000,000 USD
661-904-9401
353 Banner Farm Rd
Mills River, NC 28759
HIGHLIGHTS
- SHORT LEASE TERM: The Tenant Dover Foods LLC is on a month to month, Absolute NNN Lease agreement that commenced on April 1st, 2025.
- LARGE LOT SIZE: The subject property sits on a 5.67-acre lot with an existing 32,730 SF building.
- SUPPLY CONSTRAINED MARKET: Henderson County, NC is experiencing a significant supply constraint in its industrial real estate market.
- GROWING INDUSTRIAL POCKET: The subject property is positioned adjacent to Lowe’s Cross Dock Facility.
- STRATEGIC LOCATION: Mills River, NC is a growing industrial & logistics hub located 10 minutes away from Asheville Regional Airport
OVERVIEW
PRICING: $5,000,000
BUILDING SF: 32,730 SF
LOT SIZE: 5.25 acres
YEAR BUILT/RENOVATED: 2007/2015
OCCUPANCY: 100%*
SHORT LEASE TERM
*The Tenant Dover Foods LLC is on a month to month, Absolute NNN Lease agreement that commenced on April 1st, 2025. The Base Rent is $35,250 per month ($12.92 PSF). The Tenant will vacate in August 2025.
FOR SALE DETAILS
PRICE
$5,000,000 USD
PRICE/SF
$153 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Industrial Food Manufacturing Facility
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Manufacturing
ADD'L SUBTYPES
Distribution, Warehouse
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2007
UTILITIES
-
CLEAR CEILING HT
30 Ft
DOCKS
2
DRIVE INS
-
PARKING SPACES
43
LAND DETAILS
LAND ACRES
5.25
LAND SF
228,690
ZONING
MR-LI
APN/PARCEL ID
1005710
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661-904-9401
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661-904-9401
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