6300-6310 Chapel Hill Rd Raleigh, NC 27607
97% leased office building with long-term tenants and stable income.
Property size:
30,613 SFProperty Features for 6300-6310 Chapel Hill Rd
General Information
- Size
- 30,613 SF
Building Details
- Year built
- 2002
Source:
Svn
Listing Agent: Jay Taylor, Ccim
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Leased Office Building Investment Opportunity
West Mill Office Center presents an opportunity to acquire a 30,613 square foot, multi-tenant office building. The property is 97% leased and anchored by Bass, Nixon & Kennedy, Inc., and the Autism Society of North Carolina. Bass, Nixon & Kennedy, Inc. has been an occupant since the building's construction in 2002, while the Autism Society of North Carolina has been in place since 2010, and recently renewed their lease for an additional seven years. The anchor tenants occupy 87% of the gross leasable area, with lease terms running through 2032. The property has a weighted average lease expiry (WALE) of 6.67 years. Located at the gateway between Raleigh and Cary, the property is positioned just off Interstate 40, providing access to employment centers, RDU Airport, and Downtown Raleigh within a 15-minute drive. The property is near the Fenton mixed-use destination, which is delivering over 2.5 million square feet of retail, office, residential, and hospitality space. The Lenovo Center District, directly to the north, has a Phase I plan for 200,000 square feet of entertainment and lifestyle retail, along with apartments and a hotel. The long-term vision for this district calls for over 3 million square feet over the next 10-15 years. Downtown Cary is also nearby and undergoing new development, including apartments, office space and dining, anchored by the 7-acre downtown Cary Park.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.7319589
- Latitude
- 35.790262
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FAQs
What type of property is this?
Office building - 97% leased office building with long-term tenants and stable income.
Where is this office building located?
The property is located at 6300-6310 Chapel Hill Rd Raleigh, NC.
What is the asking price?
The asking price for this property is $7,250,000.
What are key features of this property?
This property features: - 97% leased multi-tenant office asset providing immediate and stable cash flow.; - Anchored by long-term tenants with a history of occupancy since 2002 and 2010 respectively, ensuring tenant stability.; - Strategic location at the gateway between Raleigh and Cary, offering exceptional connectivity and visibility.