35-37 Loop Rd Flex FOR SALE


Arden, NC - Southridge
$2,400,000 USD
828-279-0090
, Arden, NC for Sale
$2,400,000 USD
Flex - FOR SALE
1/20
null | Request Cap Rate

35-37 Loop Rd
Arden, NC
Southridge


HIGHLIGHTS

  • - 100% leased flex property in the heart of Arden, NC
  • - Two Buildings totaling 17,520 SF on a single parcel
  • - Five fully-occupied units /- Loading Dock (35 Loop) and drive in doors (units)
  • - Zoned EMP for industrial/flex use
  • - Convenient access to I-26, Asheville Airport, Asheville and Hendersonville
  • - Rare opportunity to purchase fully-leased flex property

OVERVIEW

Rare opportunity to purchase a fully-leased, multi-tenant flex property in Arden, NC. The property at 35-37 Loop Road consists of 2 buildings, 5 units, and 17,520 square feet on a single parcel. Located just off the signalized intersection of Airport Road and Loop Road (cornered by Ingles and Dick's Sporting Goods), the property provides incredible access to I-26 Exit 40 (1 mile), the Asheville Regional Airport (1.2 miles), Downtown Asheville (15 miles) and Downtown Hendersonville (13 miles). The Airport Road corridor offers every retail amenity, and EMP zoning allows for a multitude of commercial applications. The property consists of two buildings. The first building, 35 Loop Road, is 6,320 square feet (per Buncombe County records) and offers a loading dock, drive-in door, as well as showroom and warehouse space. It is leased to Window World of Asheville through July 2025. The second building, 37 Loop Road, is 11,200 square feet (per Buncombe County records) and is divided into four, 2,800-square-foot units. Each unit has a unique configuration of office and warehouse space, bathroom, and overhead drive-in door. The units are leased to three tenants; Kitchen & Granite, Joslyn Fine Metalwork, and Rennwerx European Automotive Repair (which occupies two of the units). All leases in 37 Loop Road run through mid-2025. Leases on the property average $9.20 per square foot, modified gross. Modified gross leases, under-market rents, and capital improvements allow a Landlord to add value and continue long-term occupancy. This exceptional investment opportunity in the thriving Arden area presents a solid income stream and significant potential for long-term growth. With a history of sustained occupancy, 35 and 37 Loop Road offers a reliable addition to any investment portfolio. Don't miss your chance to acquire this prime industrial/flex space asset in a high-demand market.

ASK ABOUT THIS PROPERTY

James HarrisonWhitney Commercial Real Estate ServicesMore Info
828-279-0090

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

James HarrisonWhitney Commercial Real Estate ServicesMore Info
828-279-0090

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