Pope Industrial Park - 1325, 1333-1345 & 1349 Express Drive

Off-Market

1341 Express Drive, Raleigh, NC 27603

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  • Property Type Industrial - Flex - Industrial
  • Property Size 111,260 SF
  • Lot Size 7.61 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1988

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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Brokers

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Documents

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Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

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.

  • 2022 Avg. Asking Rent $29.20
  • 2022 Office Vacancy Rate 17.51%
  • 2022 Office Completions (SF) 567,852

Raleigh Office Sales Trends

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

  • 2022 Avg. Price per SF $384.00
  • 2022 Office Sales Volume $513.1M
  • 2022 Number of Transactions 14
View more Raleigh market trends

Location

Getting Around

  • Walk Score ®

    10/100 Car-Dependent
  • Bike Score ®

    29/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Raleigh, NC
  • Neighborhood Colonial Heights
  • Zip Code 27603
  • Market Raleigh Durham

Points of Interest

  • Raleigh

    4.90 miles

  • Cary

    8.70 miles

  • Marathon

    0.74 miles

  • Red Star

    0.80 miles

  • Murphy USA

    0.87 miles

  • Exxon

    1.41 miles

  • Speedway

    1.52 miles

  • Shell

    1.52 miles

  • Exxon

    1.83 miles

  • BP

    2.01 miles

  • Mobil

    2.65 miles

  • RaceWay

    2.67 miles

  • Poulton Deck

    4.33 miles

  • Monteith Deck

    4.35 miles

  • Oval East Lot

    4.37 miles

  • Oval West Parking Deck

    4.46 miles

  • Center for Technology and Innovation Parking Deck

    4.49 miles

  • Alliance Deck

    4.54 miles

  • Venture Parking

    4.60 miles

  • Partners Way Parking Deck

    4.61 miles

  • Lake Johnson Park Lot 2

    4.64 miles

  • Keystone Deck

    4.72 miles

  • Popeyes

    0.77 miles

  • Subway

    0.84 miles

  • Wendy's

    0.90 miles

  • Jumbo China Buffet

    0.92 miles

  • Denny's

    1.03 miles

  • Biscuitville

    1.06 miles

  • Fred Chason's Grandson's Famous Country Buffet

    1.13 miles

  • La Roca Mexican Restaurant

    1.16 miles

  • Marco's Pizza

    1.17 miles

  • Chipotle

    1.18 miles

  • Walmart Supercenter

    0.81 miles

  • Big Lots

    1.20 miles

  • Carli C's

    1.34 miles

  • Belk

    1.38 miles

  • Target

    1.48 miles

  • International Food

    1.93 miles

  • Food Lion

    2.25 miles

  • Food Lion

    2.69 miles

  • ALDI

    3.07 miles

  • Lowes Foods

    3.10 miles

  • Walmart Pharmacy

    0.79 miles

  • Med Mart Urgent Care

    0.91 miles

  • NextCare Urgent Care

    2.04 miles

  • Rite Aid

    2.28 miles

  • Garner Police Department

    2.33 miles

  • FastMed Urgent Care

    2.99 miles

  • Raleigh Fire Station Number 10

    3.68 miles

  • Raleigh Fire Station Number 20

    3.72 miles

  • WakeMed Garner Healthplex

    3.84 miles

  • Raleigh Police - Southeast District

    4.25 miles

Frequently Asked Questions

What is the total square footage of Pope Industrial Park - 1325, 1333-1345 & 1349 Express Drive?

Pope Industrial Park - 1325, 1333-1345 & 1349 Express Drive totals 111,260 square feet.

When was this property built?

Pope Industrial Park - 1325, 1333-1345 & 1349 Express Drive was built in 1970.

What is the property tax for Pope Industrial Park - 1325, 1333-1345 & 1349 Express Drive?

The property tax for Pope Industrial Park - 1325, 1333-1345 & 1349 Express Drive in 2023 was $67,728.

What is the market value for Pope Industrial Park - 1325, 1333-1345 & 1349 Express Drive?

The market value* for Pope Industrial Park - 1325, 1333-1345 & 1349 Express Drive in 2023 was $4,814,714.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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