2504 Raeford Rd - Medical FOR SALE


Fayetteville, NC 28305- Terry Sanford
$2,275,000 USD
910-818-3252
2504 Raeford Rd, Fayetteville, NC for Sale
$2,275,000 USD
Medical - FOR SALE
1/28
null | 7.75% Cap Rate

2504 Raeford Rd
Fayetteville, NC 28305
Terry Sanford


HIGHLIGHTS

  • Professionally Managed Turnkey Investment
  • Supply Constrained Submarket with Office Vacancy of 1.4%
  • Near Fort Bragg, Largest Military Installation in the USA, injecting $8.8 billion into the local economy

OVERVIEW

Grant-Murray Real Estate is pleased to present Highland Executive Building, a professionally managed, 100% leased multi-tenant executive office investment located at 2500 & 2504 Raeford Road in Fayetteville, North Carolina. Positioned along one of Fayetteville’s primary commercial corridors, the Property offers investors proven stable in-place cash flow, a history of strong tenant demand, and upside through raising existing rents to market, as well long-term infill development potential. The Property consists of two multi-tenant office buildings totaling approximately 18,873 square feet on ±0.93 acres and is currently leased to a diversified mix of medical, defense-related, professional service, and local government-related users. Ownership has strategically re-positioned the asset to align with modern post-Covid office demand by creating a variety of smaller executive suite configurations, resulting in full occupancy and a current tenant waitlist. Since acquisition, ownership has invested more than $170,000 in capital improvements, including HVAC upgrades, interior suite renovations, common area enhancements, parking lot improvements, and roof work, significantly reducing deferred maintenance and positioning the asset as a turnkey investment opportunity. Professionally managed and leased by Grant Murray Property Management for over a decade, the Property benefits from established operational infrastructure and a proven leasing history within one of Fayetteville’s strongest office submarkets, currently reporting approximately 1.4% office vacancy. Near Fort Bragg, the largest military installation by population in the world and an $8.8 billion annual economic engine, the Property benefits from the region’s non-economically sensitive steady employment, continued population growth, and strong demographic trends. Additionally, the asset sits within the highly desirable Haymount / Highland Country Club Raeford Retail Corridor, surrounded by established restaurants, financial institutions, and some of the most premier residential neighborhoods in the area, all support long-term tenant demand. The Highland Executive Buildings represent an opportunity to acquire a stabilized, income-producing office asset with immediate cash flow, meaningful mark-to-market rental upside, and long-term land value appreciation along one of Fayetteville’s premier commercial corridors.

FOR SALE DETAILS

PRICE

$2,275,000 USD

PRICE/SF

$121 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Highland Executive Buildings

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,153 SF

ZONING

CC

APN/PARCEL ID

0427-41-4859,0427-41-5920,0427-41-5957

ASK ABOUT THIS PROPERTY

Neil GrantGrant-Murray Real Estate LLCMore Info
910-818-3252

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Neil GrantGrant-Murray Real Estate LLCMore Info
910-818-3252

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.