90 Christ School Rd, Arden, NC 28704-9556
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
DEED DATE: 10/16/2000 DEE · Arden, NCArden. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.