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Raymo Car Care & Raleigh Outlet 5006 & 5008 New Bern Ave 20,130 SF 100% Leased Flex Building Raleigh, NC 27610 $5,128,610 CAD ($254.77 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Great visibility and access from New Bern Ave | 36,000 VPD
- Explosive population growth within 1 mile | 30.74% from 2010-2025
- Large parcel | 1.80 acres
- Annual rent increases for each tenant | 2% & 3% respectively
- Attractive population density within a 5-mile radius | 187,981 residents
- Strong industrial presence nearby | 4.8M SF of space within a 2-mile radius
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 | $5,128,610 CAD | Lot Size | 1.80 AC |
| Price Per SF | $254.77 CAD | Rentable Building Area | 20,130 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.50% | Year Built/Renovated | 1967/2022 |
| Sale Condition | Build to Suit | Parking Ratio | 0.65/1,000 SF |
| Property Type | Flex | Clear Ceiling Height | 14’ |
| Property Subtype | Showroom | No. Dock-High Doors/Loading | 2 |
| Building Class | B | ||
| Zoning | Industrial - Industrial Zoning | ||
| Price | $5,128,610 CAD |
| Price Per SF | $254.77 CAD |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Sale Condition | Build to Suit |
| 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/Renovated | 1967/2022 |
| Parking Ratio | 0.65/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Dock-High Doors/Loading | 2 |
| Zoning | Industrial - Industrial Zoning |
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PROPERTY TAXES
| Parcel Number | 1734.13-24-4832-000 | Improvements Assessment | $2,307,664 CAD |
| Land Assessment | $1,649,203 CAD | Total Assessment | $3,956,866 CAD |
PROPERTY TAXES
Parcel Number
1734.13-24-4832-000
Land Assessment
$1,649,203 CAD
Improvements Assessment
$2,307,664 CAD
Total Assessment
$3,956,866 CAD
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Raymo Car Care & Raleigh Outlet | 5006 & 5008 New Bern Ave
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