41 Oakland Rd - Medical CONDO FOR SALE


Asheville, NC 28801- Livingston
$2,250,000 USD
828-337-9656
41 Oakland Rd, Asheville, NC for Sale
$2,250,000 USD
Medical CONDO - FOR SALE
1/32
null | Request Cap Rate

41 Oakland Rd
Asheville, NC 28801
Livingston


HIGHLIGHTS

  • Medical Office Investment Sale | 7.06% 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

OVERVIEW

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 7.06% 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.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$286 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Oakland Professional Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

22,000 SF

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

96

LAND DETAILS

LAND ACRES

1.45 AC

LAND SF

63,162 SF

ZONING

INST

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Austin Tyler, SIORDewey Property AdvisorsMore Info
828-337-9656

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Austin Tyler, SIORDewey Property AdvisorsMore Info
828-337-9656

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.