Under Contract-Show

140 Vista Boulevard

Arden NC, 28704

$8,107,531


$145.77 per sqft

Under Contract-Show

55,620 sqft

Commercial

Built in 1999

This stunning facility is a one-of-a-kind Sale/Leaseback investment opportunity for a well-established 100-year-old company. The Company, Reich, is a leading manufacturer of turned parts such as transmission and steering system components, ball bearings, and components. The investment is offered at a 7.25% cap rate. Reich, LLC, will sell the real estate and lease it back for 15 years. This is an absolute NNN lease with NO LANDLORD MAINTENANCE. This property is a relatively new, exquisitely beautiful, advanced manufacturing facility less than 25 years old with upgrades, renovations, and additions that occurred within the last decade. Vista Industrial Park is strategically located within 1 mile of I-26, with easy access to the ports of Charleston and Greenville, SC.

4104936

MLS ID

January 30, 2024

Listed

May 9, 2024

Updated

Map

140 Vista Boulevard
Arden NC, 28704

Interior Features

Total Stories

1


Floor Description

Carpet, Concrete, Tile


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

9.4 Acres


Sewer

Public Sewer

Other Property Details

Days on Market

55


Garage

No


View

No


County

Buncombe


Water Source

City


Pool

No


Zoning

EMP


Buyer Agency Compensation

2.25%

Listing History

Date

Event

Price

3/25/2024

Under Contract

Courtesy of Whitney Commercial Real Estate with Jason Burk,
Listing Contact: [email protected] 
 
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