West Mill Office Center
Stabilized Raleigh Office | 7.25% CAP | 30,613 SqFt
Marketing description
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. Pricing updated to reflect 2025 financials.
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.
Investment highlights
97% Leased Multi-Tenant Office Asset
Attractive, Stable, in-place yield with long-term Upside.
30,613 SF building fully occupied with a balanced tenant mix.
Extremely Stable Asset: Anchored by two Long-Term Tenants who have been in the building since 2002 and 2011, respectively
Anchor tenants occupy 87% of the GLA and both have lease term running through 2032.
Overall WALE (economic) of 6.67 years,
Strategic Location with Growth Drivers
Immediate access to I-40 and positioned near major development nodes, including Fenton (2.5M SF), Lenovo Center District (3M SF planned), and Downtown Cary.
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