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4030 Wake Forest Road 4030 Wake Forest Rd 29,536 SF 100% Leased Office Building Raleigh, NC 27609 $4,400,000 ($148.97/SF) 7.56% Cap Rate
Investment Highlights
- Multi Tenant, Office Investment Opportunity | Three (3) Story Office Building
- Well Maintained Building with Ample Surface Parking (101 Spaces)
- Heavily Trafficked, Wake Forest Road Frontage with Dedicated Signage
- Owner-User Potential: WALT: 2 Years | Nearly 50% of GLA has No Renewal Options
- Established Tenant Mix: Healthcare, Legal, Real Estate, and US Government
- New Roof Installed 2011 (20-Yr Warranty); 2-Rooftop HVAC Units (40-Ton 2013/30-Ton 2015)
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
29,536 SF
Building Class
B
Year Built
1999
Price
$4,400,000
Price Per SF
$148.97
Cap Rate
7.56%
NOI
$332,640
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
9,845 SF
Slab To Slab
13’
Building FAR
0.37
Lot Size
1.85 AC
Zoning
OX-3 - Commercial
Parking
125 Spaces (4.23 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Finance and Insurance
- -
- -
-
Jan 0000
State Farm began in 1922 when George J. Mecherle created auto insurance for farmers in Illinois. The company expanded into homeowners and life insurance while maintaining its mutual ownership structure. Today State Farm offers various insurance products and financial services like banking and investments. They've become a significant presence in the US insurance market through their large network of agents.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Finance and Insurance | - | - | Jan 0000 |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 1715.06-49-5145-000 | Improvements Assessment | $1,546,244 |
| Land Assessment | $1,776,258 | Total Assessment | $3,322,502 |
Property Taxes
Parcel Number
1715.06-49-5145-000
Land Assessment
$1,776,258
Improvements Assessment
$1,546,244
Total Assessment
$3,322,502
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4030 Wake Forest Road | 4030 Wake Forest Rd
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