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140 Vista BLVD Arden, NC 28704
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Key Details
Sold Price $8,000,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 4104936
Sold Date 05/31/24
Year Built 1999
Lot Size 9.400 Acres
Acres 9.4
Property Description
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.
Location
State NC
County Buncombe
Zoning EMP
Interior
Heating Forced Air
Cooling Central Air
Flooring Carpet, Concrete, Tile
Building
Sewer Public Sewer
Water City
New Construction false
Others
Senior Community false
Restrictions No Restrictions
Special Listing Condition None
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Bought with Austin Walker • Whitney Commercial Real Estate
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