An office building that sold for $11.5 million tops the list of the most expensive commercial real estate sales in Raleigh between July 13 and Aug. 2.
In total, 12 commercial property sales were recorded in the area, with an average price of $2.85 million. The average price per square foot was $449.
The prices in the list below include commercial real estate sales where the title was recorded from the week of July 13 to the week of Aug. 2 even if the property sold earlier.
1. $11.5 million, office building at 4401 Atlantic Avenue
A 58,000-square-foot office property at 4401 Atlantic Avenue in Raleigh has been sold.
The total purchase price was $11,500,000, $198 per square foot. The house was built in 1999. Great Opportunities Properties South Building LLC bought the office property. The deal was finalized on July 1.
2. $10 million, office building at 4501 Atlantic Avenue
A 55,850-square-foot office property at 4501 Atlantic Avenue in Raleigh has been sold.
The total purchase price was $10,000,000, $179 per square foot. The home was built in 2000. Great Opportunities Properties North Building LLC acquired the office property. The transaction was completed on July 1.
3. $3.5 million, supermarket at 3721 Tryon Road
The sale of the grocery store or supermarket at 3721 Tryon Road in Raleigh has been finalized.
The price was $3,500,000. The house was built in 1999 and has a living area of 2,993 square feet. The price per square foot ended up at $1,169. I S Tryon LLC took over the grocery store or supermarket. The deal was closed on July 7.
4. $2.4 million, auto repair shop at 1800 Capital Boulevard
The auto repair garage at 1800 Capital Boulevard in Raleigh has new owners.
The price was $2,400,000. The home was built in 1953 and has a living area of 6,496 square feet. The price per square foot ended up at $369. Shahnaz LLC bought the auto repair garage. The transaction was completed on July 15.
5. $2.14 million, day care center at 9313 Leesville Road
A sale has been finalized for the commercial day care or preschool at 9313 Leesville Road in Raleigh.
The price was $2.14 million. The house was built in 1987 and the living area totals 5,415 square feet. The price per square foot ended up at $394. NNN Reit LP acquired the commercial day care or preschool. The deal was finalized on June 29.
6. $1.7 million, commercial property at 1010 Buck Jones Road
A 4,256-square-foot general commercial property at 1010 Buck Jones Road in Raleigh has been sold.
The total purchase price was $1,700,000, $399 per square foot. The home was built in 1999. Buck Jones Rentals LLC took over the general commercial property. The deal was closed on July 2.
7. $870,000, supermarket at 10128 Old Stage Road
A sale has been finalized for the grocery store or supermarket at 10128 Old Stage Road in Raleigh.
The price was $870,000. The house was built in 1967 and the living area totals 2,000 square feet. The price per square foot ended up at $435. J & H Property Inc acquired the grocery store or supermarket. The deal was closed on July 2.
8. $610,000, office building at 4040 Barrett Drive, Unit 15A
The office property at 4040 Barrett Drive, Unit 15A in Raleigh has new owners.
The price was $610,000. The house was built in 1984 and has a living area of 1,000 square feet. The price per square foot ended up at $610. Tree Of Life Holdings LLC acquired the office property from Shepsu Hetep LLC. The deal was finalized on July 15.
9. $610,000, office building at 4040 Barrett Drive, Unit 14A
A 1,000-square-foot office property at 4040 Barrett Drive, Unit 14A in Raleigh has been sold.
The total purchase price was $610,000, $610 per square foot. The home was built in 1984. Shepsu Hetep LLC transferred ownership of the office property to Tree Of Life Holdings LLC. The transaction was completed on July 15.
10. $310,000, commercial property at 317 West Morgan Street, Apt. 105
The sale of the general commercial property at 317 West Morgan Street, Apt. 105 in Raleigh has been finalized.
The price was $310,000. The house was built in 2005 and has a living area of 784 square feet. The price per square foot ended up at $395. Sorry State Downtown Raleigh LLC took over the general commercial property. The transaction was completed on July 2.