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    6009 Coffey St Raleigh, NC 27604

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    For Sale
    Contact for pricing

    511,233 square foot Class A logistics property for sale.

    Property size:
    511,233 SF
    Lot size:
    54.07 Acres

    Property Features for 6009 Coffey St

    General Information

    Size
    511,233 SF
    Lot size
    54.07 Acres

    Source: JLL | Charlotte Agent Dave Andrews

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Class A Logistics Property

    This 511,233 square foot Class A logistics property, delivered in 2024, is located in the Raleigh-Durham, North Carolina MSA. The property is 100% leased to five tenants with a weighted average lease term of 7.4 years, generating immediate and stable cash flow. Siemens Corporation anchors the property. Contractual rent growth is strong, with 3.7% average annual escalations. The property features institutional-quality design with efficient 260'-deep rear-load configurations, 36' clear heights, ESFR, and LED lighting with motion sensors. It also includes a shared fully concrete truck court with 18 trailer parking spaces. Strategically located at a newly constructed full movement signalized intersection along US 64, the infill location is positioned between Raleigh's inner and outer beltlines, I-540 (1 mile) and I-440 (2.5 miles), offering accessibility across the greater Raleigh-Durham MSA. Knightdale has proven to be one of the highest barrier-to-entry industrial development markets in North Carolina, resulting in sustained rent growth that has outpaced the broader Triangle MSA (7.6% CAGR since 2020).
    Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.5290101
    Latitude
    35.7993352

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    FAQs

    What type of property is this?
    Distribution center - 511,233 square foot Class A logistics property for sale.
    Where is this distribution center located?
    The property is located at 6009 Coffey St Raleigh, NC.
    What are key features of this property?
    This property features: - 100% leased to five tenants, providing immediate and stable cash flow; - Anchored by Siemens Corporation (S&P: AA-); - 7.4 years of Weighted Average Lease Term (WALT)
    (704) 943-2300
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    6009 Coffey St Raleigh, NC 27604
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    Raleigh, NC 27604
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6009 Coffey St Raleigh, NC 27604
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