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Browse More Listings in Office For Sale, Raleigh, NC or North Carolina

Office Property For Sale

Torchlight Academy

3211 Bramer Drive, Raleigh, NC 27604

Price:
$5,080,000
Building Size:
23,624 SF
Price/SF:
$215.04
Property Type:
Office
Property Sub-type:
Office Building
Property Use Type:
Net Lease Investment with 7 years left on lease
Commission Split:
2%
Cap Rate:
9%
Occupancy:
100%
No. Stories:
1
Building Class:
B
Tenancy:
Single
Lot Size:
1.62 AC
Tax ID / APN #:
1715665287
Find Out More...

Last Verified 10/26/2009 Listing ID 16149805

Highlights

Long term lease
6% Annual increases on lease
9% Cap rate on current investment

336 Students currently enrolled with waiting list

Description

23,624 Sq ft office building consisting of an existing Charter School. Absolute NNN investment currently priced at a 9% cap rate with 6% annual increases on lease payments. There are 7 years left on this lease with a long term tenant.

Located in N Raleigh, just outside of the Beltline. From Six Forks Rd, turn left on Atlantic travel under 440, turn left on Bramer and Property is located directly in front of you.

Financial Summary

Major Tenant Information

Actual
Year
2009
Net Operating Income
$457,693

Tenant	SF Occupied	Lease Expired
Torchlight Academy	24,071	6/1/2016

Map of 3211 Bramer Drive, Raleigh, NC 27604 (Wake County)

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Contact Listing Broker

Jay Sprayberry (919) 573-8111

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Created 3/16/2009

Additional Information for 3211 Bramer Drive, Raleigh, NC 27604

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 2 Historic Listings
Sales Comparables Available - 1 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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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.

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Office Property For Sale - Torchlight Academy

3211 Bramer Drive, Raleigh, NC, 27604