Log In/Sign Up
Your email has been sent.
5006 & 5008 New Bern Ave 20,130 SF 100% Leased Flex Building Raleigh, NC 27610 $3,486,073 ($173.18/SF) 6.85% Cap Rate
Investment Highlights
- Great visibility and access from New Bern Ave | 36,000 VPD
- Annual rent increases for each tenant | 2% & 3% respectively
- Attractive population density within a 5-mile radius | 187,981 residents
- Major development projects nearby | Driving significant economic growth, housing expansion, and retail demand in the surrounding corridor
- Explosive population growth within 1 mile | 30.74% from 2010-2025
- Large parcel | 1.80 acres
Executive Summary
Al Dickens and Ransome Foose of Berkeley Capital Advisors are pleased to present for sale Raymo Car Care & Raleigh Outlet in Raleigh, NC. We welcome your review of this attractive investment.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $3,486,073 | Lot Size | 1.80 AC |
| Price Per SF | $173.18 | Rentable Building Area | 20,130 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.85% | Year Built | 1967 |
| Property Type | Flex | Parking Ratio | 0.65/1,000 SF |
| Property Subtype | Showroom | Clear Ceiling Height | 14’ |
| Building Class | B | No. Dock-High Doors/Loading | 2 |
| Zoning | Industrial - Industrial Zoning | ||
| Price | $3,486,073 |
| Price Per SF | $173.18 |
| Sale Type | Investment |
| Cap Rate | 6.85% |
| Property Type | Flex |
| Property Subtype | Showroom |
| Building Class | B |
| Lot Size | 1.80 AC |
| Rentable Building Area | 20,130 SF |
| No. Stories | 1 |
| Year Built | 1967 |
| Parking Ratio | 0.65/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Dock-High Doors/Loading | 2 |
| Zoning | Industrial - Industrial Zoning |
1 1
Property Taxes
| Parcel Number | 1734.13-24-4832-000 | Improvements Assessment | $1,645,698 |
| Land Assessment | $1,176,120 | Total Assessment | $2,821,818 |
Property Taxes
Parcel Number
1734.13-24-4832-000
Land Assessment
$1,176,120
Improvements Assessment
$1,645,698
Total Assessment
$2,821,818
Contacts
-
Al Dickens -
Ransome Foose -
Carl Brendes -
Quinn O'Donnell -
Matt Sagehorn -
Berkeley Capital Advisors
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
5006 & 5008 New Bern Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.