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Rutherford Business Center | West ofCharlotte 500 West St 11,809 SF 83% Leased Office Building Spindale, NC 28160 $2,432,972 CAD ($206.03 CAD/SF) 8.96% Cap Rate
Investment Highlights
- 11,809-SF, Two Story, Class-A Multi-Tenant Office Building On +/-3.50 Acre Lot With Lighted Parking Lot (120 Surface Spaces) With New Lobby Carpeting
- USDA Recently Renewed Their Lease for 10 Years, Carolina Home Care Has 2.5+ Years Remaining With 2, 5-Year Renewal Options and 2.5% Annual Increases
- +/-10.50 Acres of Flat Land on Adjacent Parcel Also For Sale | Residential Zoning With Frontage Along Railroad Ave/US-74 Alt
- 83% Occupied by USDA Farm Services Bureau and Carolina Home Health, United Healthcare Parent Company
- Leasing Upside: 2,000-SF Vacancy on 2nd Floor | Open Floor Plan With High Ceilings, Large Windows and Elevator Access | High Speed Fiber Internet
Executive Summary
Surface Spaces. 83% Occupied by USDA Farm Services Bureau and Carolina Home Health, United Healthcare Parent Company.
New Carpet Being Installed in the Lobby in July, 2025
Located Southeast of Asheville, NC
Financial Summary (Pro Forma - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$339,667
|
$28.76
|
| Other Income |
$60,894
|
$5.16
|
| Vacancy Loss |
$20,028
|
$1.70
|
| Effective Gross Income |
$380,532
|
$32.22
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$147,253
|
$12.47
|
| Net Operating Income |
$233,279
|
$19.75
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $339,667 |
| Annual Per SF | $28.76 |
| Other Income (CAD) | |
|---|---|
| Annual | $60,894 |
| Annual Per SF | $5.16 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $20,028 |
| Annual Per SF | $1.70 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $380,532 |
| Annual Per SF | $32.22 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $147,253 |
| Annual Per SF | $12.47 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $233,279 |
| Annual Per SF | $19.75 |
Property Facts
Amenities
- 24 Hour Access
- Conferencing Facility
- Security System
- Kitchen
- Central Heating
- Fully Carpeted
- High Ceilings
- Natural Light
- Partitioned Offices
- Reception
- Drop Ceiling
- Wi-Fi
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Carolina Home Care
- Health Care and Social Assistance
- 5,000 SF
- $24.11 CAD
- Modified Gross
- Apr 2028
-
- Public Administration
- 4,809 SF
- $35.16 CAD
- Modified Gross
- Aug 2035
L'USDA joue un rôle de chef de file dans les domaines de l'alimentation, de l'agriculture, des ressources naturelles, du développement rural, de la nutrition et des questions connexes en se fondant sur les politiques publiques, les meilleures données scientifiques disponibles et une gestion efficace. L'USDA envisage d'offrir des possibilités économiques grâce à l'innovation, d'aider l'Amérique rurale à prospérer ; de promouvoir une production agricole qui nourrit mieux les Américains tout en nourrissant d'autres personnes dans le monde ; et de préserver les ressources naturelles du pays par la conservation, la restauration des forêts, l'amélioration des bassins versants et des terres de travail privées saines. Les objectifs stratégiques de l'USDA servent de feuille de route au Ministère pour assurer l'accomplissement de sa mission et la mise en œuvre de sa vision.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Carolina Home Care | Health Care and Social Assistance | 5,000 SF | $24.11 CAD | Modified Gross | Apr 2028 | |
|
|
Public Administration | 4,809 SF | $35.16 CAD | Modified Gross | Aug 2035 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Class A office space located one hour west of Charlotte, one hour east of Asheville, one hour north of Greenville/Spartanburg, SC. In excellent condition. Can upfit to tenant specifications. Near schools, banks, retail and restaurants including Starbucks, McDonald's, Jersey Mike Subs, Chick-fil-A. Dedicated parking field. Flexible lease and terms. Tax credits and grants may be available for new investment and job creation.
| Space | Size | Space Use | Build-Out | Available |
| 2nd Fl-Ste B | 2,000 SF | Office | Full Build-Out | Now |
2nd Fl-Ste B
| Size |
| 2,000 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste B
| Size | 2,000 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Class A office space located one hour west of Charlotte, one hour east of Asheville, one hour north of Greenville/Spartanburg, SC. In excellent condition. Can upfit to tenant specifications. Near schools, banks, retail and restaurants including Starbucks, McDonald's, Jersey Mike Subs, Chick-fil-A. Dedicated parking field. Flexible lease and terms. Tax credits and grants may be available for new investment and job creation.
Property Taxes
| Parcel Number | 1646373 | Improvements Assessment | $1,158,604 CAD |
| Land Assessment | $329,695 CAD | Total Assessment | $1,488,299 CAD |
Property Taxes
Presented by
Rutherford Business Center | West ofCharlotte | 500 West St
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