4800 Falls_Imóvel à venda
4800 Falls_Imóvel à venda
4800 Falls of Neuse Rd, Raleigh, NC, 27609-8141, US

4800 Falls

Descrição do ativo

Jones Lang LaSalle Americas, Inc. (“JLL”) has been retained as the exclusive sale representative for 4800 Falls (the "Property"), an infill office asset totaling 170,192 square feet in Raleigh-Durham, one of the most coveted real estate markets in the country and a leading STEM hub. The Property is currently 73% leased with 8.0 years of WALT, offering investors long-term, stable cash flows anchored by credit tenants as well as immediate upside via leasing of the turnkey vacant space. Additionally, 4800 Falls sits on nearly 11 acres of land, presenting investors the opportunity for future development and density on the site. The Property has been institutionally owned, maintained, and operated for more than 25 years.

 

The Property is positioned within the Six Forks / Falls of Neuse submarket in a highly attractive infill location minutes from the North Hills mixed-use district, and features walkable retail, a rapidly improving demographic profile driven by millennial workers and young families moving to the area, and excellent access to all points of the Raleigh-Durham market. This can be seen through the recent leasing success at The Property as current ownership was able to execute a full floor lease extension for SoftPro, a full floor sublease and wrap around lease to Falls of Neuse Management for BMC's 4th floor space, and a full floor new lease to KCI Technologies, totaling nearly 100,000 square feet of leasing activity since the beginning of 2023. Given the dynamic market location with proximity to North Hills, Midtown Exchange, and Downtown Raleigh, coupled with the tremendous leasing velocity, 4800 Fall is a premier value-add opportunity in a proven leasing submarket.

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Atributos

Área de construção bruta
15.811 m²
Ocupação
74%
WAULT
8 anos
Ano de construção
1985
Ano de renovação
2006
Área de terreno bruta
4,41 ha
Vagas de estacionamento
800

Mídia

Destaques do investimento

•Excellent Infill Location

•Abundant Nearby Development

•Significant Recent Capital Enhancements

•Value-Add Investment with Immediate Upside Potential & Development Optionality

•Diverse & Credit Worthy Tenant Roster

•Below Replacement Cost

•Significant Recent Leasing Momentum

4800 Falls 4_Imóvel à venda
4800 Falls 4_Imóvel à venda

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4800 Falls (0 Propriedades)
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Última atualização
Jul 16, 2024