Net Leased Single Tenant Investment

Description:

The property offers a rare chance to acquire a one-story 65,653 Class A office building that is fully leased to a singular tenant. The building was completed in 2015 by one of Raleigh’s premier construction companies, Williams Realty and Building Company, who has been active since 1954. The facility was constructed from precast concrete panels with a brick façade. Exterior features include brick veneer siding and store-front fixed pane glass with window sunshades. Translucent Canopies protrude from the entry ways providing a nice aesthetic.

The office center consists of a reception area, a large employee break room and lounge, a coffee area, a computer server room, an assembly and repair area, one unloading dock, several meeting rooms, general office cubicle areas for administrative staff, and several office rooms. The property was constructed such that multiple tenancy for future use is easily achievable. A hard to find block of sizeable square footage on a single floor provides maximum efficiency and future flexibility.

Interior finishes consist mostly of carpet flooring in the general work areas and offices. Other finishes include resilient ceramic tile flooring, base and wall cabinetry and associated countertops, painted gypsum wallboards and acoustical ceiling tiles. Most spaces also contain staff lighting fixtures, which exist in addition to the general lighting system and act to provide ambiance lighting for the office staff within each area.

Land improvements include two asphalt paved parking lots connected with paved driveways and with generous site lighting. Other site improvements include concrete paved unloading dock, retaining walls, concrete curbs and gutters and sidewalks wrapping around the building, site -storm drainage system, extensive landscaping, pipe bollards, and chain -link fencing.

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