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4904 Waters Edge Dr 15,337 SF 100% Leased Office Building Raleigh, NC 27606 For Sale
INVESTMENT HIGHLIGHTS
- Fully leased 15,337 RSF office asset
- Prime location in Southwest Raleigh, just 5 minutes from NC State University
- Excellent access to I-40, I-440, and U.S. Highway 70—connecting to RTP, Cary, and RDU
- Occupied by 19 tenants under full service leases
- Stable cash flow with NOI of $182,786 and OPEX of $7.65/SF
- Strong submarket demographics
EXECUTIVE SUMMARY
Lee & Associates Raleigh-Durham is pleased to present 4904 Waters Edge Drive, a fully leased 15,337 RSF office building situated on 1.44 acres in the southwest Raleigh submarket, five minutes from NC State University.
Located within a designated Opportunity Zone, this stabilized investment opportunity offers long-term income potential with a strong tenant base in place. Strategically located with convenient access to I-40, I-440, and major business hubs, the property benefits from excellent connectivity to the broader Triangle region.
With its established occupancy, prime location, Opportunity Zone designation, and strong market fundamentals, 4904 Waters Edge Drive is an attractive asset for investors seeking steady cash flow and long-term appreciation in a high-growth market.
-- Fully leased 15,337 RSF office asset
-- Occupied by 19 tenants under full service leases
-- Prime location in Southwest Raleigh, just 5 minutes from NC State University
-- Stable cash flow with NOI of $182,786 and OPEX of $7.65/SF
-- Excellent access to I-40, I-440, and U.S. Highway 70—connecting to RTP, Cary, and RDU
-- Two-story building on 1.44 acres with 38 on-site parking spaces plus street parking
-- Strong submarket demographics
-- Proximity to NC State University and Centennial Campus, WakeMed, Crossroads Plaza, and Fenton
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Bus Line
- Pond
- Fully Carpeted
- Drop Ceiling
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
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- Professional, Scientific, and Technical Services
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Chaney Immigration Law Firm focuses exclusively on immigration law issues. We provide supportive and effective legal services in all areas of immigration law. Whether you are an individual or employer, we can help you successfully navigate the legal complexities of the U.S. immigration system.
- Dr. Barbara Still
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- Health Care and Social Assistance
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Enhance Nutrition Associates provides evidence based nutrition therapy for the treatment of eating disorders, disordered eating, and medical nutrition therapy with a weight neutral, food neutral approach. Their commitment to providing the highest level of nutrition care includes their dietitians maintaining ongoing education, seeking supervision, and continued growth to provide treatment to their clients with knowledge, support, and compassion.
- Foundations Family Therapy
- Services
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- Lease A Sales Representative
- Services
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- Educational Services
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- Triple Net
- Aug 2020
- NC Horse Council
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- Three Birds
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- Full Service
- Oct 2024
- Triangle Developmental Services
- Health Care and Social Assistance
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- Health Care and Social Assistance
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Our practice philosophy emphasizes compassion, understanding the client in context, and valuing multiple worldviews. We are devoted to empowering clients of all backgrounds - including race, culture, socio-economic status, affectional orientation, gender, and religious affiliation. We provide counseling for adults, college students, adolescents and families using Cognitive-behavioral, Mindfulness, and Solution-focused approaches.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Professional, Scientific, and Technical Services | - | - | - | - | |
| Dr. Barbara Still | - | - | - | - | - | |
|
|
Health Care and Social Assistance | - | - | - | - | |
| Foundations Family Therapy | Services | - | - | - | - | |
| Lease A Sales Representative | Services | - | - | - | - | |
|
|
Educational Services | - | - | Triple Net | Aug 2020 | |
| NC Horse Council | - | - | - | - | - | |
| Three Birds | - | - | - | Full Service | Oct 2024 | |
| Triangle Developmental Services | Health Care and Social Assistance | - | - | - | - | |
|
|
Health Care and Social Assistance | - | - | - | - |
PROPERTY TAXES
| Parcel Number | 0783.10-26-8961-000 | Improvements Assessment | $915,353 |
| Land Assessment | $618,239 | Total Assessment | $1,533,592 |
PROPERTY TAXES
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4904 Waters Edge Dr
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