$1,240,000
8801 Fast Park Drive Suite 101 & 117
Details
Property Type Office
Sub Type Traditional Office
Square Footage 3,758
Units 2
Cap Rate 6.50%
NOI $40,534
Tenancy Multi
Brand/Tenant Alabama Non-profit Housing, Inc.
Lease Expiration 09/29/2028
Year Built 2009
Zoning IX-3 (Airport Overlay)
8801 Fast Park Drive, Raleigh, NC 27617
Marketing description
This property features sophisticated, contemporary finishes, solid core doors, and an attractive masonry exterior. The building offers elevator access, suite signage, and an electronic building directory. Located near the intersection of the I-540 Beltline and Hwy 70 (Glenwood Ave.), this prime location provides quick access to I-40 and RDU International Airport. Don't miss the opportunity to own this wellmaintained, accessible space in a highly desirable area of Raleigh!
Investment highlights
- Electronic Building Directory
- Suite Signage
- Elevator Access
- Contemporary Finishes
- Zoning - IX-3 (Airport Overlay)
- Attractive Masonry Exterior
- Solid Core Doors
- Fresh Paint
- ± 1,879 RSF
- Built in 2009
- Original HVAC
- Original Roof age
- Dues: $567.77 per month (includes water)
- Tax Bill: $4,391.66
- Sale Price: $620,000
- ± 1,879 RSF
- Tenant: Alabama Non-profit Housing, Inc.
- Lease expires 9/30/2028
- NOI: $40,534.10
- Cap Rate: 6.5
- Original HVAC
- Original Roof
- Dues: $567.77 per month (includes water)
- Tax Bill: $4,391.66
- Sale Price: $620,000
Listing Contacts
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$40,534.10
$3,377.84/mo
Valuation Metrics
0
DSCR
3.27%
Cap Rate
3.27%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
