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 | — |