Price Upon Req.375,094 SF
Property tours will be held by appointment only on December 3rd-4th and 10th-11th. Please contact Jim Davis at 336-541-5517 to schedule a tour.Auction.com and Brown Investment Properties are pleased to present the opportunity to acquire Marchester on Millbrook Apartments, a 368 multi-family community located in Raleigh, North Carolina. Built between 1982 - 1985, the property consists of 49 two and three story apartment buildings, 2 clubhouses on 39.91 +/- acres. The property features 700 parking spaces (1.90 spaces/unit) and the following amenities: 2 pools, 3 laundry facilities, fitness facility, washer/dryer connections and patios/balconies.Overall Market:The Raleigh-Durham-Chapel Hill (Triangle) apartment market continues to be one of the strongest performing markets in the nation. With a metro area population of over 2.0 million, the Triangle region added more than 20,000 new jobs over the past year and the unemployment rate has dropped to its prerecession level of only 5.1%. Located in a mature submarket with little infill opportunity and a competitive location, Marchester on Millbrook is an apartment community that will continue to benefit from strong market fundamentals.
Just reduced $200,000! Presently occupied by an engineering and architectural firm who have a lease on app 7500 sq ft of the space. This lease is at 18 a foot triple net until December of 2015. If the whole building would be needed they would be willing to move with 90 days notice. App 2800 feet of the building is now vacant and divided out very nicely. Superior construction designed by structural engineer. Steel columns connected to roof trusses. This system allows the building to be constructed without interior columns. Exterior columns carry the entire load of the roof. Zoned HVAC system. The entire building has a Simplex fire alarm and security system. Each suite has its own security and fire alarm system. The building's electrical system is a 120/208 volt three phase.
The Shoppes at Bentley Ridge is an 11,764 square foot retail center located at the footsteps of one of the most prominent neighborhoods and submarkets in Raleigh. The property is ideally situated on 1.5 acres, just minutes from Crabtree Valley Mall, PNC Arena, NC Museum of Art, and a stone throw away from Rex Hospital. Also located across the street is Harris Teeter, the areas longstanding and most dominant grocery store.
$295,000Size Upon Req.
Commercial Development Opportunity at 2265 Charles Drive in Raleigh NC. This lot is directly adjacent to Crabtree North, a 20 acre proposed mixed use parcel for 700+ Residential Units and 125,000+SF of proposed retail, restaurant and hotel uses. Crabtree Valley Mall, 1.4MM SF of Retail is directly across Glenwood Avenue. $93,000+ Household Income within one mile with strong income and growth projections. 21,300 VPD pass the site with 112' frontage on Lead Mine Road. This property is suitable for a ~3,800 SF office building or a variety of uses. A unique opportunity in the best new development area of the City.
2.01 acres zoned CUD TD (Thoroughfare District) allowing for the development of retail centers, auto service/repair shops, office and high-density residential uses. Property has access to all public utilities. Conforming uses: Recreational Use, Riding Stable, Firing Range, Theater, Group Housing/Apartments, Art Gallery, Church, Child Care, Hospital, Special Care, School, Office/Medical/Professional, Bank, Bar/Night Club, Radio/TV,
* 1,000 sf second floor office suite available for sale. Great for investor or owner occupant. * REDUCED TO $99,500.00. Dues: $142 month. Taxes: 1,041 year. * Newly renovated throughout. Smooth ceilings and chair rail. * New HVAC and hot water heater. Updated bath. * Layout: Four large offices with windows, reception area, kitchenette and private bath. * Time Warner available. Wired for LAN. * $900 monthly gross income from two therapist tenants leasing two of the four individual offices. Leases expire 9/30/14 with renewal options.
Small, 600 sf ground level office suite for sale. Masonry and steel construction, built in 1980. Perfect for single practitioner. Layout includes waiting area, receptionist work area with built in counter and sliding window, very large open office with large windows. Space has second private entrance by-passing waiting area. Bathrooms are in the common area hallway. Ample building parking with entrances on four sides. Handicap accessible. New metal roof put on in 2013. Association dues: $ 457.00 month. Includes electricity, water, janitorial services and all common area maintenance. Purchase Price: $81,000. Annual Real estate tax: $833.90
Price Upon Req.12,000 SF
FEATURES: Vacant 12,000 sf two story brick office building for sale or lease. Located on .67 acre lot. 39 parking spaces. Zoned O & I-2. Built in 1984 by Bobbitt Construction Company. Steel and masonry construction. Metal roof. Fiber Optics to the building. Time Warner available. Irrigation system and extensive landscaping. Lobby & elevator recently renovated. Baths in common areas. Four suites available for lease: 1,315, 1,685, 3,000 and 6,000 sf, or entire building available at 12,000 sf. Generous tenant upfit allowance available. Large monument signage on Six Forks Road. Rental rate: $14.00 sf full service, net of suite janitorial. Sale price: Contact broker for pricing and operating expense information.
$185,000Size Upon Req.
5 Townhouse Building lots ready to build on. Building Plans included. City water and sewer, Cable and Natural Gas. This is the last building pad of 10 buildings. HOA with Covenants. Phenomenal rental area. Builder owned lots, could build for an investor.
We are pleased to present to a qualified investor, the opportunity to acquire the exclusive listing SunTrust Wakefield at 13341 New Falls of Neuse Road in Raleigh, North Carolina. SunTrust Wakefield is a prestigious two floor banking facility totalling 13,120 square feet, ideally situated on a 1.55 acre lot. SunTrust Bank occupies the lower portion of the building totalling in 7,450 square feet with seven years remaining and four, five-year options. The 2nd Floor is now available for lease, the space contains 5,215 SF. The subject property is being offered at $3,850,000 or a 6.00% Cap Rate on 2014 SunTrust Actual Income. Pro-forma rents are estimated at $15.00 / SF for the 2nd floor office space, producing a 8.03% Cap Rate return upon lease-up.