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Superior Asheville, NC Location | 9.25% CAP | 800 Centre Park Dr 16,480 SF Office Building Asheville, NC 28805 $5,228,751 CAD ($317.28 CAD/SF) 9.25% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Newer 2001 built to suit construction in desirable Asheville, NV market on large 1.34 acre parcel.
  • Lease guaranteed by United States Government with strong Social Security Administration tenant.
  • Lease expires June 2027 allowing collection of cash flow with 9.25% CAP and potential owner user opportunity in irreplaceable, Asheville, NC location.
  • Located in business park with historical occupancy near 100%.
  • Fantastic demographics and local drivers in surrounding area.
  • Located on a hill thereby avoiding potential flooding issues that surrounding properties may face.

EXECUTIVE SUMMARY

We are pleased to offer for sale this single-tenant government leased office building located at 800 Centrepark Drive., Asheville, North Carolina. The property consists of a 16,480 square foot office building, constructed in 2001 on a large 1.34-acre parcel. The tenant has a lease running through June 14th, 2027, with a gross lease guaranteed by the United States Government (GSA) with Social Security Administration as the tenant. The subject property is perched in a superior business park on a hill, thus avoiding the common Asheville issue of flooding. This opportunity is priced at a 9.25% Current CAP rate making it perfect for the cash-flow oriented investor. Alternatively, the offering allows a potential for owner occupancy to collect great cash flow and owner occupy the space at the end of the current lease term June 14th, 2027.
The City of Asheville has a diverse $24 billion economy driven by tourism, manufacturing, healthcare, technology and a growing population. Asheville has experienced consistent population growth with the city's population in 2025 estimated to be 95,376, showing a positive annual increase. The greater Asheville metropolitan area is significantly larger, with an estimated population of 381,000 in 2025, demonstrating a more substantial annual growth rate of over 1%. This growth is fueled by in-migration of retirees, remote workers, and young professionals drawn to the quality of life and economic opportunities.

DATA ROOM Click Here to Access

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $510,690 $30.99
Other Income $163,984 $9.95
Vacancy Loss - -
Effective Gross Income $674,674 $40.94
Taxes - -
Operating Expenses - -
Total Expenses $190,827 $11.58
Net Operating Income $483,848 $29.36

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income (CAD)
Annual $510,690
Annual Per SF $30.99
Other Income (CAD)
Annual $163,984
Annual Per SF $9.95
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $674,674
Annual Per SF $40.94
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $190,827
Annual Per SF $11.58
Net Operating Income (CAD)
Annual $483,848
Annual Per SF $29.36

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Building Size
16,480 SF
Building Class
B
Year Built
2001
Price
$5,228,751 CAD
Price Per SF
$317.28 CAD
Cap Rate
9.25%
NOI
$483,659 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
16,480 SF
Building FAR
0.28
Lot Size
1.34 AC
Zoning
OB

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Public Administration
  • -
  • -
  • -

GSA has been providing over 60 years of dedicated service to our customers. Their purpose in NCR is to help you achieve your agency’s mission. They strive to support the federal government’s workplace needs through the acquisition of office space, equipment, supplies, telecommunications and information technology. NCR encompasses a variety of activities. Their real estate portfolio consists of 47 million square feet of owned space, and 44 million square feet of leased space that house nearly 300,000 federal workers. Their Federal Acquisition Service (FAS), which includes the WITS program – a comprehensive end-to-end telecommunications service – supports over 90 federal agencies with more than 750,000 customers; and our assisted acquisitions program provides acquisition support, project management and financial management support to assist federal agencies in identifying and acquiring professional services and technology products and solutions.

  • Public Administration
  • -
  • -
  • -

Social Security provides financial protection for the nation’s people, supporting Americans throughout all of life’s journeys. They administer retirement, disability, survivor, and family benefits, and enroll individuals in Medicare. They also provide Social Security Numbers, which are unique identifiers needed to work, handle financial transactions, and determine eligibility for certain government services. Social Security provides retirement income for almost every American worker. They also administer Supplemental Security Income (SSI) to some individuals over a certain age who have limited income and resources. With retirement, disability, and survivors benefits, Social Security is one of the most successful anti-poverty programs in the nation's history. Social Security is committed to helping maintain the basic well-being and protection of the people they serve. They pay benefits to millions of people including retirees, children, widows, and widowers.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Public Administration - - -
Public Administration - - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
9659-02-9143-00000
Land Assessment
$723,860 CAD (2025)
Improvements Assessment
$2,813,993 CAD (2025)
Total Assessment
$3,537,852 CAD (2025)
  • Listing ID: 35852506

  • Date on Market: 2025-05-14

  • Last Updated:

  • Address: 800 Centre Park Dr, Asheville, NC 28805

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