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195 Johnston Blvd 83,706 SF Industrial Building Asheville, NC 28806 $5,500,000 ($65.71/SF) 9% Cap Rate
Executive Summary
Outstanding opportunity for investors. Long term lease. 83,700 SF Building on 6.5 acres with a single business/lease of surplus building materials. Business is 20 years old. Cap rate of 9%.
Property Facts
| Price | $5,500,000 | Lot Size | 6.55 AC |
| Price Per SF | $65.71 | Rentable Building Area | 83,706 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 9% | Year Built | 1949 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 0.72/1,000 SF |
| Building Class | B | No. Drive In / Grade-Level Doors | 5 |
| Zoning | IND - Industrial | ||
| Price | $5,500,000 |
| Price Per SF | $65.71 |
| Sale Type | Investment |
| Cap Rate | 9% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 6.55 AC |
| Rentable Building Area | 83,706 SF |
| No. Stories | 1 |
| Year Built | 1949 |
| Tenancy | Single |
| Parking Ratio | 0.72/1,000 SF |
| No. Drive In / Grade-Level Doors | 5 |
| Zoning | IND - Industrial |
Amenities
- Fenced Lot
- Signage
Utilities
- Gas
- Sewer - City
- Heating - Gas
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 9628-48-6413-00000 | Improvements Assessment | $640,800 |
| Land Assessment | $844,700 | Total Assessment | $1,485,500 |
Property Taxes
Parcel Number
9628-48-6413-00000
Land Assessment
$844,700
Improvements Assessment
$640,800
Total Assessment
$1,485,500
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195 Johnston Blvd
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