SRS Real Estate Arranges $20M Sale of Asheville Industrial Property
SRS Real Estate Partners’ National Net Lease Group has brokered the $20.3 million sale of a 388,540-square-foot industrial building in Ashville, N.C.
Located on more than 27 acres, the property was built in 1959 as a headquarters for Gerber Baby Food. It was most recently renovated in 2014 and is fully occupied by several tenants including SRS Distribution, GF Linamar, and U-Haul, among others. It is adjacent to Norfolk & Southern Railroad and features an onsite rail spur.
Jack Cornell and Max Finn of SRS represented the seller, a North Carolina-based private investor, in the transaction. The buyer was a Florida-based private investor.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.