Colliers Raleigh is pleased to announce the sale of 8512 Capital Blvd, a 11,200 SF warehouse building in Raleigh, North Carolina. Located in North Raleigh directly on Capital Blvd, the property transacted for $2.1M ($187.50 PSF).
Previously occupied by Sunbelt Rentals, 8512 Capital Blvd is currently available for lease as Sunbelt has vacated the property.
The Colliers Raleigh industrial team, consisting of Larry Lakins, Hunter Willard, and Andrew Young represented the seller, Vernon Partners, in the transaction. Ash Grey Properties, LLC, a private local buyer, was represented by Lee and Associates.
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Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 67 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners, and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.
For more information, please contact: Caroline Thomas, 919-582-7940, email@example.com