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Off Market
1/30

41 Oakland Rd
Asheville, NC 28801


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

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 7.23% 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.

FOR SALE DETAILS

PRICE

-

CAP RATE

-

% LEASED

-

TENANCY

-

BUILDING DETAILS

PROPERTY NAME

Oakland Medical Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

24876

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

96

LAND DETAILS

LAND ACRES

1.45 AC AC

LAND SF

63,162 SF

ZONING

-

APN/PARCEL ID

9648-22-8962-C0300