1212 Cedarhurst Dr | Raleigh, NC 27609
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1212 Cedarhurst Dr
Raleigh, NC 27609
Cedarhurst Medical Office Building · Office Property For Sale
Investment Highlights
- Proximity to Duke Raleigh Hospital | The asset is a 5-minute drive from the 186-bed hospital
- Dense & Growing Demographics | Resident population of 11,000+ people within a 1-mile radius and 92,000 people within a 3-mile radius
- Upcoming Rent Growth | 100% of the USF has rent escalations within the first year of the analysis period
- Tenant Commitment | Cardinal Points has been at the center for 22 years, proving a desirability of the space
- Recent Capital Expenditure | New warranted roof ('15-'16), new 6-ton HVAC unit ('21), and resealed/restriped parking lot ('20-'21)
- Recent Leasing Momentum | Central Dermatology signed a brand new 7-year lease in 2021, fully stabilizing the asset
Property Facts
Property Type
Office
Property Subtype
Medical
Building Size
18,682 SF
Building Class
C
Year Built
1977
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
16,504 SF
Building FAR
0.22
Lot Size
1.95 AC
Zoning
O,I1
Parking
117 Spaces (7.09 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | 1716.14-44-6194-000 | Improvements Assessment | $4,030,974 |
| Land Assessment | $1,223,165 | Total Assessment | $5,254,139 |
Property Taxes
Parcel Number
1716.14-44-6194-000
Land Assessment
$1,223,165
Improvements Assessment
$4,030,974
Total Assessment
$5,254,139
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