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6300-6310 Chapel Hill Rd 29,577 SF 100% Leased Office Building Raleigh, NC 27607 $10,051,690 CAD ($339.85 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- 97% Leased Multi Tenant Asset
- Anchor Tenants occupy 87% of the GLA and have lease term through 2032
- Strategic Location with Growth Drivers
- Attractive, Stable, in place yield with long term upside
- Overall WALE of 6.67 years
- Immediate Access to I-40 and positioned near major development notes including Fenton, Lenovo Center District, and Downtown Cary
EXECUTIVE SUMMARY
West Mill Office Center offers investors a rare opportunity to acquire a 97% leased, multi-tenant office investment with durable in-place cash flow and a long-term occupancy track record.
Anchored by Bass, Nixon & Kennedy, Inc., and the Autism Society of North Carolina, this property benefits from an exceptionally stable tenant mix. BNK has occupied the property since its construction in 2002, and the Autism Society has been in place since 2010, recently renewing their lease for an additional seven years. With a WALE of 6.67 years, this asset delivers immediate yield with minimal near-term rollover risk.
In proximity to several of the Triangle's most transformative developments, West Mill Office Center is strategically located in one of the Triangle’s most dynamic corridors, offering investors a low-risk acquisition backed by strong tenancy and superior long-term submarket tailwinds.
Anchored by Bass, Nixon & Kennedy, Inc., and the Autism Society of North Carolina, this property benefits from an exceptionally stable tenant mix. BNK has occupied the property since its construction in 2002, and the Autism Society has been in place since 2010, recently renewing their lease for an additional seven years. With a WALE of 6.67 years, this asset delivers immediate yield with minimal near-term rollover risk.
In proximity to several of the Triangle's most transformative developments, West Mill Office Center is strategically located in one of the Triangle’s most dynamic corridors, offering investors a low-risk acquisition backed by strong tenancy and superior long-term submarket tailwinds.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
29,577 SF
Building Class
B
Year Built
2000
Price
$10,051,690 CAD
Price Per SF
$339.85 CAD
Cap Rate
7%
NOI
$703,618 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
15,000 SF
Slab To Slab
10’
Building FAR
0.26
Lot Size
2.66 AC
Zoning
O&I-1 - Office & Institutional
Parking
114 Spaces (3.85 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Bass Nixon & Kennedy Engineers
- Professional, Scientific, and Technical Services
- -
- -
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Bass Nixon & Kennedy Engineers | Professional, Scientific, and Technical Services | - | - | Jan 0000 |
1 1
PROPERTY TAXES
| Parcel Number | 0774.16-92-5605-000 | Improvements Assessment | $3,363,151 CAD |
| Land Assessment | $1,529,006 CAD | Total Assessment | $4,892,157 CAD |
PROPERTY TAXES
Parcel Number
0774.16-92-5605-000
Land Assessment
$1,529,006 CAD
Improvements Assessment
$3,363,151 CAD
Total Assessment
$4,892,157 CAD
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6300-6310 Chapel Hill Rd
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