Building

Summary

  • Total Site Size 6.7 acres
  • Total Building Size 61,389 sf
  • Occupancy 100%
  • Parking Ratio 234 spaces (3.81/1,000)

Two fully leased office assets totaling 61,389 sf with compelling mark-to-market opportunity minutes from Raleigh’s North Hills entertainment district.

On behalf of ownership, Avison Young is pleased to exclusively present the opportunity to acquire Horizon I & II at Six Forks (the “Property” or “Horizon”), located at 7701 & 7721 Six Forks Road. Ideally positioned in one of the most coveted real estate markets in the country, and just 3.5 miles north of the vibrant North Hills mixed-use district, the Property produces stable, positive cash flow with strong, near-term upside potential.

Situated on two legal parcels totaling ±6.7 acres, the Property consists of two, single-story office buildings totaling ±61,389 rentable square feet. The Property is currently 100% leased to an attractive mix of tenants with a weighted average lease term of 3+ years, and with rents 9% below market, this provides an upcoming mark-to-market opportunity. Long considered one of Raleigh’s premier business corridors, rents in the Six Forks submarket are among the highest across the market and have been growing at an annualized rate of 5.7% over the last five years.

With limited opportunities to acquire high-quality, single-story office product, Horizon provides an exceptional opportunity for investors to gain a foothold in the most sought-after submarket in the region at an attractive basis that is well below replacement cost.

Investment Highlights

Stable single-story investment opportunity with upside potential

High quality assets priced well below replacement cost

Located along Raleigh’s premier business corridor
Abundant parking with direct storefront entrances and signage

Convenient access to the region’s top shopping and dining destinations

Excellent connectivity via two major interstate to all points across the Triangle

Downloads

Horizon I & II Brochure

Location Map

Team

Blake R. Thomas

Blake R. Thomas

Senior Vice President, Capital Markets
1 919.604.8280
Kathy Gigac, SIOR

Kathy Gigac, SIOR

Managing Director, Occupier Solutions
Avison Young - US - NC - Raleigh
919 913 1117
Arnold Siegmund

Arnold Siegmund

Principal, Landlord Representation
Avison Young - US - NC - Raleigh
+1 919 420 1573
+1 919 696 3399
Carlo DiGiorgio

Carlo DiGiorgio

Senior Vice President, Office Leasing
Avison Young - US - NC - Raleigh
+1 919 420 1569
+1 919 434 4358