West Raleigh office building trades for $9.25M

CAROLINAS, June 22, 2022 -JLL Capital Markets announced today that it has closed the $9.25 million sale of 5520 Capital Center Dr., a fully leased office building totaling approximately 36,008 square feet in Raleigh, North Carolina.

JLL represented the seller, and procured the buyer, Clear Path Asset Management, in the off-market transaction.

5520 Capital Center Dr. sits on a 3.67-acre site in the West Raleigh submarket, which boasts close proximity to Research Triangle Park, RDU International Airport and Downtown Raleigh. In addition, the property benefits from direct access to Interstates 40 and 440 providing access to the entire Raleigh-Durham metropolitan area and beyond.

The two-story building is fully leased to a high-profile tech company and offers exposed ceilings, open floorplans and a creative office atmosphere. On-site amenities include a fitness center, state of the art tenant lounge, and outdoor tenant amenity space.

The JLL Capital Markets team representing the seller was led by Directors Daniel Flynn and John Mikels, Executive Vice President Matt Winters, along with Senior Managing Director Ryan Clutter and Managing Director Chris Lingerfelt.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers best-in-class solutions for clients - whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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