Building

Summary

  • Sale Price $6,900,000
  • Lease Rate $25.00/sf, FSG
  • Building Size 60,083 SF
  • Available SF 1,788 - 19,321 SF
  • Site Area 7.99 acres
  • Year Built / Renovated 1999 / 2020
  • Building Load Factor 10%
  • Parking Ratio 5.6/1,000

Overview

Avison Young is pleased to present this 42.1% leased, two-story, multi-tenant office building, with over 19,000 square feet of contiguous space available for immediate occupancy. Featuring renovated lobbies, refreshed restrooms, and a new roof, the building boasts unparalleled access to the RDU International Airport and Interstate 40, seamlessly connecting business and their employees to all corners of the Triangle.  With an attractive and expanding rent roll of tenants in core industries such as bioscience, aerospace, and construction, the property is an ideal opportunity for businesses seeking to own their own real estate, or investors to acquire a high-quality asset at a price well below replacement cost and create value through enhanced cash flows.

Investment Highlights

Priced well below replacement cost, offering an attractive cost basis

Extensive renovations under current ownership including lobbies, restrooms, and a new roof

Positioned at the core of the region’s dynamic life science and technology cluster

Efficient floor plates creating a building load factor of 10%, below the market standard of 15%
Immediate proximity to Raleigh-Durham International Airport with exceptional access to Interstate 40

Ample parking (5.6/1,000) with two EV dual charging stations to accommodate even the most dense workplace environments

Partially leased by an attractive and expanding tenant mix to offset occupancy expenses and generate cash flow

Availabilities

Available

Suite 102

$25/SF/Year

Space Type

Office

Lease Type

Full Service

Unit/Suite

Unit 102

Floor Number

Floor 1

Total Size

6,473 sqft

available

Suite 102

Total Size

6,473 sqft

$25/SF/Year
Space Type

Office

Lease Type

Full Service

Unit/Suite

Unit 102

Floor Number

Floor 1

Available

Suite 118

$25/SF/Year

Space Type

Office

Lease Type

Full Service

Unit/Suite

Unit 118

Floor Number

Floor 1

Total Size

1,801 sqft

available

Suite 118

Total Size

1,801 sqft

$25/SF/Year
Space Type

Office

Lease Type

Full Service

Unit/Suite

Unit 118

Floor Number

Floor 1

Available

Suite 125

$25/SF/Year

Space Type

Office

Lease Type

Full Service

Unit/Suite

Unit 125

Floor Number

Floor 1

Total Size

1,788 sqft

available

Suite 125

Total Size

1,788 sqft

$25/SF/Year
Space Type

Office

Lease Type

Full Service

Unit/Suite

Unit 125

Floor Number

Floor 1

Available

Suite 200

$25/SF/Year

Space Type

Office

Lease Type

Full Service

Unit/Suite

Unit 200

Floor Number

Floor 2

Total Size

8,528 sqft

available

Suite 200

Total Size

8,528 sqft

$25/SF/Year
Space Type

Office

Lease Type

Full Service

Unit/Suite

Unit 200

Floor Number

Floor 2

Available

Suite 202

$25/SF/Year

Space Type

Office

Lease Type

Full Service

Unit/Suite

Unit 20

Floor Number

Floor 2

Total Size

10,793 sqft

available

Suite 202

Total Size

10,793 sqft

$25/SF/Year
Space Type

Office

Lease Type

Full Service

Unit/Suite

Unit 20

Floor Number

Floor 2

Downloads

Lease Brochure

Sale Brochure

Location Map

Team

Blake R. Thomas

Blake R. Thomas

Senior Vice President, Capital Markets
Kathy Gigac, SIOR

Kathy Gigac, SIOR

Managing Director, Occupier Solutions
Avison Young - US - NC - Raleigh
Arnold Siegmund

Arnold Siegmund

Principal, Landlord Representation
Avison Young - US - NC - Raleigh