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    FOR SALE
    Industrial properties

    90 Christ School Rd, Arden, NC 28704-9556

    120,416 SF 6.19 ac lot Built 1972
    Entity Owned Free & Clear
    Property ID
    US53-0287071
    Property summary
    AI-generated overview

    This exceptional industrial property, located at 90 Christ School Road in Arden, NC, presents a significant investment opportunity. Spanning 7.49 acres, the complex comprises two side-by-side manufacturing/warehouse buildings totaling 122,397 square feet. The property boasts a strong tenant in place, secured under a lease expiring October 2, 2026, at a rate of $8.00 per square foot. The buildings feature efficient layouts with column spacing of 30' x 40' and 20' x 30', providing ample space for various industrial operations. Loading and unloading are facilitated by eight truck docks and two drive-in doors. Approximately 11,000 square feet of office space is included, providing comfortable administrative areas. High ceilings, ranging from 24 feet to 36 feet depending on the building, offer significant vertical clearance for storage and operations. This property's strategic location in South Asheville, combined with its substantial size, modern features, and existing lease, makes it an ideal acquisition for investors seeking a stable, high-return industrial asset. The asking price for this exceptional property is $11,000,000.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1972
    Construction STEEL FRAME
    Total area 120,416 SF
    Lot 6.19 ac (269,636 SF)
    Zoning code DEED DATE: 10/16/2000 DEE
    APN 9653-69-1988-00000
    UPID US53-0287071
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $9.15M
    Owner & transaction history
    Skypoint Industrial Park LLC
    Skypoint Industrial Park LLC
    since 2025
    Last sale
    $9.2M
    1 recorded transaction
    2025
    $9.2M
    Zoning & alternative use
    DEED DATE: 10/16/2000 DEE · Arden, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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