5008 New Bern Ave

Raleigh, NC, 27610

Retail-Flex Buy, Refinance & Hold   |   ROI TBD

The two buildings at 5006 and 5008 New Bern Ave total ~20,000 SF located in a highly trafficked area of Raleigh, NC. The property was purchased at $2,678,000. The plan is to stabilize this building with market rents, refinance, and then hold the building long term.

During escrow, the building was rented out to one tenant on a 1 year lease and another tenant on a 3 year lease, giving us time and cash flow to find a follow up tenant.