For Sale
$3,000,297.38

1216 6Th AveHendersonville, NC 28739

High-yield medical office, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional two-story, 11,480 square foot medical office building presents a compelling value-add investment opportunity. Located at 1216 6th Ave W in Hendersonville, North Carolina (zip code 28739), this Class B property boasts a strong 6.90% cap rate and a Net Operating Income (NOI) of $207,020. Currently 100% occupied by four tenants under a modified lease structure, the building offers significant potential for future appreciation. Constructed in 2009, the single building property is strategically situated near the Pardee UNC Healthcare Campus, benefiting from excellent visibility and accessibility. The asking price is $3,000,297.38, translating to a price per square foot of $261.35. Hendersonville's limited development opportunities and proximity to the rapidly growing Asheville market (22 miles north) further enhance the investment appeal. This presents a rare chance for owner-occupiers or income-focused investors seeking a stable, high-performing asset in a thriving healthcare market. The property's 11,480 square feet offers considerable potential for value enhancement.

Highlights

  • $3,000,297.38 asking price for this medical office building.
  • 11,480 square feet in a 13,000 SF building, offering value-add potential.
  • Excellent Hendersonville location near Pardee UNC Healthcare Campus.
  • 100% occupancy with four tenants generating a $207,020 NOI and a 6.90% cap rate.
  • Class B, two-story building constructed in 2009.

Property Details for 1216 6Th Ave

Property type
Office properties, Medical offices
Square Feet
11,480 SF
Class
B
Year Built
2009
Buildings
1
Stories
2

Location Insight

City
Hendersonville
County
Henderson
State
North Carolina
Latitude
35.320316
Longitude
-82.4772641
1216 6Th Ave, Hendersonville, North Carolina

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1216 6Th Ave
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