Brochure - Western North Carolina Commercial Property Exchange

Transcription

FOR SALE
73 BROADWAY CONDOMINIUM • DOWNTOWN ASHEVILLE • NC
DOWNTOWN
SALE/LEASEBACK
INVESTMENT!
Historic
Downtown
Building
Built in 1914, this ±20,545 SQFT historic
structure boasts a large basement,
contemporary main floor occupied by WCQS,
and two upper floor units ready for renovation.
$1,800,000
SEE INSIDE FOR
MORE INFORMATION!
G/M Property Group, LLC
•
Commercial Real Estate Services
FOR SALE
73
Broadway
Condominiums
WCQS, (“the Seller”) through G/M Property
Group, LLC as its exclusive agent, is soliciting
offers for the purchase of a portion of the 73
Broadway Condominiums, located in Asheville,
North Carolina 28801 (“the Properties”).
SUMMARY
OFFERING TERMS
Seller seeks offers from qualified buyers to
acquire the Properties. The Properties will be
conveyed by general warranty deed and are
available on an “As Is” basis subject to a
short due diligence period.
Beautiful historic building in downtown
Asheville at 73 & 75 Broadway, owned &
partially occupied by WCQS radio station.
Total of 20,545 SQFT is comprised of 3
floors and basement. Offer includes Seller
Leaseback of 7,901 SQFT on main floor and
basement to WCQS.
CONDO DOCUMENTS (DEED BK/PG)
• 3683/134
• 3721/577
• 5042/52
• FILE/1394
SQUARE FOOTAGE
• C0001/Unit 1:
• Basement: ± 5,694
• Main Floor: ± 6,369
• C002A/Unit 2A: ± 4,139
• C003A/Unit 3A: ± 4,343
Total:
± 20,545
HIGHLIGHTS
•Sale includes 2 condo shells for development
•Prime urban location in the heart
of Asheville, NC
•High ceilings and open floor plans on 2
upper units
•Unique architectural details include exposed
trusses, balcony on Broadway, beautiful
original brick & stone exterior
• Fully built-out main floor occupied by WCQS
•Large basement for storage and/or
future parking
• Elevator access — shaft in place
• Partially sprinklered: basement through 2nd floor
FOR SALE
DOWNTOWN ASHEVILLE AERIAL
INVESTMENT
SUMMARY
PRICE
$1,800,000
GROSS AREA
±20,545 SQFT
PRICE/SQFT
$87.61
LAND AREA
±0.17 acres
YEAR BUILT
1914
SUBJECT
LEGAL
• PIN #’s:
• 9649-41-0317-C00000
• 9649-41-0317-C0001
• 9649-41-0317-C002A
• 9649-41-0317-C003A
• Deed Bk/Pg: Portion of 2349/156
• Plat Bk/Pg: 134/135
2013 PROPERTY TAXES
Premises occupied by WCQS is exempt
CLOSE-UP AERIAL
SELLER LEASE BACK
• 1st Floor: 6,369 SQFT
• Basement: 1,532 SQFT
Total:
7,901 SQFT
• Rate: $7,000/month NNN
($10.63/SQFT including basement)
•Term: Negotiable
(3-5 years plus renewals)
SUBJECT
GENERAL DESCRIPTION
• 3-story building (w/ basement) built
in 1914, with many original elements
and unique architectural details.
•Prime location: Property is located
in the heart of Asheville’s CBD on
Broadway, one block from I-240.
•Offer includes Seller Lease Back
of 7,901 SQFT on main floor and
basement to WCQS radio station.
•Top two (2) floors are cold shells
ready for development.
FOR SALE
UNIT #1 BASEMENT 73 & 75 BROADWAY
BASEMENT AREA
PIN #
ASSESSED VALUE (2013)
PROPERTY TAXES (2013)
5,694 SQFT
9649-41-0317-C0001
$1,420,300 (Both floors)
EXEMPT
SALE
SELLER LEASE BACK
FOR SALE
UNIT #1 MAIN FLOOR 73 & 75 BROADWAY
MAIN FLOOR AREA
PIN #
6,369 SQFT
9649-41-0317-C0001
$1,420,300 (Both floors)
EXEMPT
SALE
SELLER LEASE BACK
FOR SALE
UNIT #1 73 & 75 BROADWAY
73 Broadway facade
Unit #1 entryway / lobby
Staff lounge
FOR SALE
UNIT #1 73 & 75 BROADWAY
Well-lit office
Basement stairwell
Basement
FOR SALE
UNIT #2A
AREA
PIN #
4,139 SQFT
9649-41-0317-C002A
$413,000
EXEMPT
FOR SALE
UNIT #2A
ELEVATOR SHAFT
FOR SALE
UNIT #3A
AREA
PIN #
4,343 SQFT
9649-41-0317-C003A
$485,900
$5,119.13
FOR SALE
UNIT #3A
ELEVATOR SHAFT
FOR SALE
DOWNTOWN ASHEVILLE CONDOMINIUM MARKET ANALYSIS
CONDOS FOR SALE
DATE(S)
# OF UNITS
AVG. ASKING $
AVG. SQFT
APR 2013
JUN 2014
27
14
$ 601,961.11
$ 552,908.00
1,626 1,408
$ 370.21
$ 392.58
156
267
-13
$ -49,053.11
-218
$ +22.37
+111
# OF UNITS
AVG. SOLD $
AVG. SQFT
JAN 2012 - APR 2013
JAN 2013 - JUN 2014
53
66
$ 350,358.00
$ 441,002.00
1,252 1,293
$ 279.74
$ 334.00
141
172
DIFFERENCE / TREND
+13
$ +90,644.00
+41
$ +54.26
+31
DIFFERENCE / TREND
AVG. $ / SQFT
AVG. # DAYS ON MARKET
CONDOS SOLD
DATE(S)
AVG. $ / SQFT
AVG. # DAYS ON MARKET
DEMOGRAPHICS
2012 DEMOGRAPHICS
POPULATION
MEDIAN AGE
AVERAGE HOUSEHOLD INCOME
1 MILE RADIUS
3 MILE RADIUS
5 MILE RADIUS
10,146
33
$36,779
49,651
36
$50,473
91,887
36
$56,018
ASHEVILLE ECONOMIC PROFILE
The Property is located in the Asheville Metropolitan Statistical Area
(A-MSA), the economic engine for Western North Carolina (WNC).
Asheville is the 11th largest city in the state with approximately
83,500 people. It is the regional center for health care, professional
services, banking, manufacturing, transportation, and shopping, serving
approximately 500,000 people in WNC.
The A-MSA’s natural and architectural beauty, climate, strong job
market, and outstanding educational and health care facilities make it
one of the most attractive locations in the USA. Nationally, the area is
consistently ranked among the top 10 places to live, work and retire.
The Asheville MSA is a steady, growing market without wild market
fluctuations. Population has averaged 1.4% annual growth since 2000
and is projected to almost double the national growth rate over the next
ten years, a reflection of the tremendous appeal to living in the area.
Over the last decade A-MSA insured employment has remained relatively
stable. Following national trends, employment continues to shift away
from manufacturing towards services, which accounts for two-thirds
of employment. The economy is quite diversified with no single sector
accounting for over 20% of total employment. The health services
industry is the leading job creator in the private sector with approximately
20,275 people (12.3% of A-MSA employment). Trade/transportation and
tourism/hospitality are also key components of employment growth.
FOR SALE
FOR SALE
SALE
SELLER LEASE BACK
FOR SALE
FOR SALE
SUBJECT
LOCATION
ADDRESS
73 Broadway St.
Asheville, NC 28801
GPS COORDINATES
35.597704, -82.552805
All information is from sources deemed reliable.
No warranty nor representation is made as to the
accuracy thereof and all information above is subject
to errors, omissions or change without notice.
FOR MORE INFORMATION
Please contact Jeremy Goldstein or John Menkes at G/M Property Group, LLC
G/M PROPERTY GROUP, LLC
P.O. Box 18723
Asheville, NC 28814
(828) 281-4024
Jeremy Goldstein
YOUR COMMERCIAL REAL ESTATE EXPERTS SINCE 2001.
John Menkes
•
[email protected]
[email protected]
www.gmproperty.com

Brochure - Western North Carolina Commercial Property Exchange

Transcription

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