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1st Floor - Unit 101
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Office
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1,879 SF
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$620,000 USD
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Unit Size: 1,879 SF
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Condo Use: Office
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Price: $620,000 USD
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Sale Type: Investment or Owner User
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Price/SF: $329.96 USD
Description
Space features Natural lighting, exterior entry at front of building, five offices reception/waiting area in suite, kitchenette, restroom and IT closet, with one conference room.
Sale Notes
8801 Fast Park Drive offers two ground-floor office suites in a modern, well-maintained building situated in one of Raleigh's most accessible business corridors. These suites feature contemporary finishes, elevator access, an electronic building directory, and solid core doors with fresh paint throughout. The property is zoned IX-3 (Airport Overlay), enhancing its utility for a range of professional uses while benefiting from proximity to major transportation links.
Located near the intersection of I-540 and Highway 70 (Glenwood Avenue), the property is conveniently positioned close to I-40 and Raleigh-Durham International Airport, offering seamless regional and national connectivity. Tenants and visitors enjoy direct exterior entries from the main parking lot, with layouts that include private offices, conference rooms, and kitchenette areas. Suite 117 is leased to a stable non-profit tenant through 2028, generating consistent income and providing an attractive cap rate of 6.5%, while Suite 101 is available for owner or investor use.
With desirable amenities, ease of access, and proximity to Research Triangle Park and major retail hubs such as Brier Creek Commons, this property represents a compelling purchase opportunity for investors or businesses seeking a strategic foothold in the thriving Raleigh market.
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1st Floor - Unit 117
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Office
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1,879 SF
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$620,000 USD
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|
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Unit Size: 1,879 SF
-
Condo Use: Office
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Price: $620,000 USD
-
Sale Type: Investment
-
Price/SF: $329.96 USD
Description
Space features Natural lighting, exterior entry at front of building, four offices, reception/waiting area in suite, kitchenette, restroom and IT closet with one conference room. Tenant in place with lease expiration 9/30/2028.
Sale Notes
8801 Fast Park Drive offers two ground-floor office suites in a modern, well-maintained building situated in one of Raleigh's most accessible business corridors. These suites feature contemporary finishes, elevator access, an electronic building directory, and solid core doors with fresh paint throughout. The property is zoned IX-3 (Airport Overlay), enhancing its utility for a range of professional uses while benefiting from proximity to major transportation links.
Located near the intersection of I-540 and Highway 70 (Glenwood Avenue), the property is conveniently positioned close to I-40 and Raleigh-Durham International Airport, offering seamless regional and national connectivity. Tenants and visitors enjoy direct exterior entries from the main parking lot, with layouts that include private offices, conference rooms, and kitchenette areas. Suite 117 is leased to a stable non-profit tenant through 2028, generating consistent income and providing an attractive cap rate of 6.5%, while Suite 101 is available for owner or investor use.
With desirable amenities, ease of access, and proximity to Research Triangle Park and major retail hubs such as Brier Creek Commons, this property represents a compelling purchase opportunity for investors or businesses seeking a strategic foothold in the thriving Raleigh market.
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Thomas Goodwin, CCIM
York Properties