Overview

Highlights

• Fully leased 15,337 RSF office asset
• Occupied by 19 tenants under full service leases
• Prime location in Southwest Raleigh, just 5 minutes from NC State University
• Stable cash flow with NOI of $182,786 and OPEX of $7.65/SF
• Excellent access to I-40, I-440, and U.S. Highway 70—connecting to RTP, Cary, and RDU
• Two-story building on 1.44 acres with 38 on-site parking spaces plus street parking
• Strong submarket demographics
• Proximity to NC State University and Centennial Campus, WakeMed, Crossroads Plaza, and Fenton

Description

CALL FOR OFFERS DUE THURSDAY, SEPTEMBER 18TH

Lee & Associates Raleigh-Durham is pleased to present 4904 Waters Edge Drive, a fully leased 15,337 RSF office building situated on 1.44 acres in the southwest Raleigh submarket, five minutes from NC State University.

Located within a designated Opportunity Zone, this stabilized investment opportunity offers long-term income potential with a strong tenant base in place. Strategically located with convenient access to I-40, I-440, and major business hubs, the property benefits from excellent connectivity to the broader Triangle region.

With its established occupancy, prime location, Opportunity Zone designation, and strong market fundamentals, 4904 Waters Edge Drive is an attractive asset for investors seeking steady cash flow and long-term appreciation in a high-growth market.

Location

Professional office park located at the Jones Franklin Road intersection with I-440. Easy access to I-40 with ample amenities nearby.

Contact Broker