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Wachovia Capital Center
150 Fayetteville Street, Raleigh, NC 27601
550,979 SF | Office
Wachovia Capital Center
Office Property - Off Market
- Building Size:
- 550,979 SF
- Property Type:
- Property Sub-type:
- Office Building
- Property Use Type:
- No. Stories:
- Building Class:
- Year Built:
- Lot Size:
- 2.57 AC
- Listing ID
- Last Updated
- over 1 year ago
- Occupied by Raleigh's most discerning and credit-worthy tenants. Blue Chip firms comprise 73.1% of the tenant roster.
- Bond-Like Income Security - More than $100,000,000 in contractual rent further bolstered by significant parking and revenue from Alexander Square
- Explosive growth being experienced in Downtown Raleigh, building has strong history of internal growth and tenants indicate a need for future space
- Downtown Raleigh - One of the tightest office submarkets in the Southeast in terms of vacancy (9.4%). Class A vacancy rate reported at 7.94%.
- Significant development in Downtown within the vicinity of the building. New construction of a $240 million Convention and Civic Center
Wachovia Capital Center is a 30-story, trophy high-rise asset in the heart of Raleigh's most vibrant submarket, Downtown. Totaling 550,979 SF, Wachovia Capitol Center is considered the premier skyscraper in Raleigh and serves as the defining moument of the expanding Downtown skyline. At 89.01% leased, the building provides a desired blend of stability and upside opportunity. Investment security is provided by the rent roll's aveage remaining lease term of 8.48 years, including the presence of the anchor tenant, Wachovia through 2004. This offering also includes Alexander Square, a five-story covered parking deck with an additional 9,004 SF of premium street front retail space.
Wachovia Capitol Center is strategically situated as the preeminent multi-tenant office asset along Dowtown Raleigh's most recognizable corridor, Fayetteville Street. This thoroughfare is at the nucleus of the rapidly maturing urbanization of Downtown and was recently reopened as a vital transportation route. The Tower offers a unique blend of world classs architecture, absolute trophy quality construction, the finest amenities, and an epicenter location.
Map of 150 Fayetteville Street, Raleigh, NC 27601 (Wake County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO