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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 Under Contract
Amenities
- Controlled Access
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Finance and Insurance
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Jan 0000
State Farm began in 1922 as a mutual auto insurer founded by George J. Mecherle, who wanted pricing based on drivers' actual risk rather than broad categories. Over time, the company expanded beyond auto coverage into homeowners, renters, farm and ranch, life, health, disability, liability, and business insurance. State Farm also offers financial services, including banking through an alliance with U.S. Bank and investment products such as mutual funds and advisory services. The business now serves a broad customer base through a large agent network and manages insurance and financial service products across a wide range of policies and accounts.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Finance and Insurance | - | - | Jan 0000 |
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
Presented by
4030 Wake Forest Road | 4030 Wake Forest Rd
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