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NorthChase I

Off-Market

6501 Six Forks Road, Raleigh, NC 27615

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  • Property Type Office - General Office
  • Property Size 57,332 Sqft
  • Lot Size 3.6 Acre
  • Parking Spaces Avail. 229
  • Parking Ratio 4.00/ 1,000 SF
  • Property Tenancy Single Tenant
  • LEED Certified Gold
  • Building Class A
  • Year Built 1983

Location

  • City Raleigh, NC
  • Neighborhood Olde Province
  • Zip Code 27615
  • Market Raleigh Durham

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 17 Jul, 2019
  • Purchase Price $13,816,741
  • Arm's Length
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Raleigh

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Raleigh Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $28.63
  • 2020 Office Vacancy Rate 9.63 %
  • 2020 Office Completions (Sqft) 944,005

Raleigh Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per Sqft $308.70
  • Y-o-Y Avg. PpSF Change 9.21 %
  • 2020 Office Sales Volume $430.9M
  • 2020 Number of Transactions 9
View more Raleigh market trends

Tax

  • Property Tax in 2020 $125,617
  • Market Value $13,150,891
  • Assessed Value $13,150,891

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of NorthChase I?

NorthChase I totals 57,332 square feet.

When was this property built?

NorthChase I was built in 1983.

When was NorthChase I last sold?

NorthChase I was last sold on 17 Jul, 2019.

What was the last purchase price for NorthChase I?

NorthChase I was last sold for $13,816,741.

What is the property tax for NorthChase I?

The property tax for NorthChase I in 2020 was $125,617.

What is the market value for NorthChase I?

The market value for NorthChase I in 2020 was $13,150,891.

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Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.