220 Sunnybrook Road
East Raleigh Infill Opportunity Near WakeMed
Marketing description
220 Sunnybrook Road presents a well-located infill multifamily development opportunity within one of the Southeast's most resilient growth markets. The site's immediate proximity to WakeMed positions it uniquely to capture demand from healthcare professionals and service-oriented employment, providing a consistent and durable tenant base.
While the market has recently worked through a wave of new supply, fundamentals remain sound, with occupancy holding in the low-90% range. As development activity slows, the market is expected to rebalance, supporting improved rent growth and absorption over the near-to-mid term. Coupled with the City of Raleigh's continued support for increased residential density, the subject property offers a compelling opportunity to deliver well-positioned multifamily product into a market entering its next phase of growth.
Investment highlights
- Well-located infill multifamily development opportunity within one of the Southeast's most resilient growth markets
- Immediate proximity to WakeMed positions it uniquely to capture demand from healthcare professionals and service-oriented employment
- Positioned along New Bern Avenue with immediate access to I-440 and downtown Raleigh
- Sunnybrook Road corridor has attracted renewed redevelopment interest, including mixed-use, multifamily, and transit-oriented projects
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