RDU III

2121 RDU Center Drive, Morrisville, NC, 27560, US

Description

Jones Lang LaSalle Americas, Inc. (“JLL”) has been retained as the exclusive sales representative for RDU III, (the "Property", "Asset", "Building"), an office asset totaling 114,991 square feet in Raleigh-Durham, one of the most coveted real estate markets in the country and a leading STEM hub. The property boasts a weighted average lease term of 7.9 years and an abundance of amenities including covered parking, EV charging stations, fitness center, signage, and multiple hotels and casual dining options.

The Property benefits from immediate accessibility to the greater Raleigh-Durham market by way of access to I-40, a major east-west thoroughfare, and I-540, the primary north-south connector in the region. The asset sits directly next to the RDU International Airport and less than a 15 minute drive from Downtown Raleigh and Downtown Durham.

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Attributes

Building area net

114,991 sf

Occupancy

74%

Year built

2009

Land area gross

7 sf

Media

Investment highlights

Institutional-Quality Construction: Class A real estate with abundant amenities
Credit-Backed Income Stream: 65% of NRA leased to a public company and the U.S. Federal Government
Embedded NOI Growth: 26% vacancy provides mark-to-market lease-up opportunity
No Near-Term Rollover: 7.9-year WALT with no expirations until 2031
Core RTP Airport Node Location: Excellent location for talent and growth
Supply Discipline: Limited new office development