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Single-Tenant Office

800 Centre Park Drive

800 Centrepark Dr, Asheville, NC 28805

Listing Price: $4,500,000

Cap Rate
7.80%
Gross SF
16,480
Rentable SF
14,440
Price/Gross SF
$273.06
Lot Size
1.34 acres
Year Built
2001

Investment Overview

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 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.

Investment Highlights

  • Desirable Asheville NC submarket with low vacancy.
  • Built to suit 2001 construction on large 0.34 acre parcel.
  • Part of larger business park with historical occupancy near 100%.
  • Current lease extension executed 6/15/2022 demonstrates tenant commitment to site.

Exclusively Listed By

  • Jon A. Holmquist

    Senior Managing Director Investments

    (415) 625-2117

    Email Jon

    License(s): CA: 01257479

    San Francisco

Broker of Record

  • Donald Gilchrist

    Senior Director Investments

    (919) 674-1104

    License(s) NC: 241055

    North Carolina

Single-Tenant Office

800 Centre Park Drive

Listing Price: $4,500,000

Cap Rate
7.80%
Gross SF
16,480
Rentable SF
14,440
Price/Gross SF
$273.06
Lot Size
1.34 acres
Year Built
2001

Investment Highlights

  • Desirable Asheville NC submarket with low vacancy.
  • Built to suit 2001 construction on large 0.34 acre parcel.
  • Part of larger business park with historical occupancy near 100%.
  • Current lease extension executed 6/15/2022 demonstrates tenant commitment to site.

Investment Overview

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 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.

Exclusively Listed By

  • Jon A. Holmquist

    Senior Managing Director Investments

    (415) 625-2117

    Email Jon

    License(s): CA: 01257479

    San Francisco

Broker of Record

  • Donald Gilchrist

    Senior Director Investments

    (919) 674-1104

    License(s): NC: 241055

    North Carolina

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