For Sale: Raleigh, NC – 100% Occupied “Class A” Medical/Professional Office Building – Rex Hospital Area, West Raleigh Submarket

wesvill-court-255-(ZF-8377-98545-1-007)

The Offering

2304 Wesvill Court is a 35,284 SF Class A 100% occupied medical and professional suburban office asset in Raleigh, North Carolina. 2304 Wesvill Court is centrally located just outside of the I-440 beltline in the premier West Raleigh office submarket, one of the most dynamic and lowest vacancy submarkets in the Raleigh/Durham MSA. The property is located directly across Lake Boone Trail from UNC Rex Hospital, Raleigh’s oldest and most respected hospital, and is in close proximity to many of Raleigh’s most prestigious “inside the beltline” residential neighborhoods, as well as PNC Arena and Carter Finley Stadium, home of the NHL’s Carolina Hurricanes and N.C. State University’s football program.

The 2304 Wesvill Court investment offering allows investors the opportunity to deploy capital in a very desirable and tight West Raleigh medical office market with strong demographics and population growth.

Property Summary

Asset Profile

  • Address: 2304 Wesvill Court Raleigh, NC 27607
  • Total Size: 35,284 ± SF
  • Site Acreage: Approximately 2.21 Acres
  • Floors: 3
  • Surface Parking Spaces: 122 ± Spaces (3.4/1000 SF Ratio)
  • Parking Ratio: 23 Spaces in Parking Deck
  • Year Completed: 2002
  • Occupancy: 100%

Tenant Profile

  • Medical Office: 87%
  • Professional Office: 13%

Investment Highlights

  • Full occupancy
  • Diverse rent roll
  • Extremely well maintained
  • Rent growth opportunities and limited supply of infill office locations

Contact Information

 

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