6300-6310 Chapel Hill Rd - Office FOR SALE


Raleigh, NC 27607- Trinity Park
$7,250,000 USD
919-422-9482
6300-6310 Chapel Hill Rd, Raleigh, NC for Sale
$7,250,000 USD
Office - FOR SALE
1/44
null | 7% Cap Rate

6300-6310 Chapel Hill Rd
Raleigh, NC 27607
Trinity Park


HIGHLIGHTS

  • 97% Leased Multi Tenant Asset
  • Attractive, Stable, in place yield with long term upside
  • Anchor Tenants occupy 87% of the GLA and have lease term through 2032
  • Overall WALE of 6.67 years
  • Strategic Location with Growth Drivers
  • Immediate Access to I-40 and positioned near major development notes including Fenton, Lenovo Center District, and Downtown Cary

OVERVIEW

West Mill Office Center offers investors a rare opportunity to acquire a 97% leased, multi-tenant office investment with durable in-place cash flow and a long-term occupancy track record. Anchored by Bass, Nixon & Kennedy, Inc., and the Autism Society of North Carolina, this property benefits from an exceptionally stable tenant mix. BNK has occupied the property since its construction in 2002, and the Autism Society has been in place since 2010, recently renewing their lease for an additional seven years. With a WALE of 6.67 years, this asset delivers immediate yield with minimal near-term rollover risk. In proximity to several of the Triangle's most transformative developments, West Mill Office Center is strategically located in one of the Triangle’s most dynamic corridors, offering investors a low-risk acquisition backed by strong tenancy and superior long-term submarket tailwinds.

FOR SALE DETAILS

PRICE

$7,250,000 USD

PRICE/SF

$245 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

114

LAND DETAILS

LAND ACRES

2.66 AC

LAND SF

115,870 SF

ZONING

O&I-1

APN/PARCEL ID

0774.16-92-5605-000

ASK ABOUT THIS PROPERTY

Jay TaylorSVNMore Info
919-422-9482

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Jay TaylorSVNMore Info
919-422-9482

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