SRS Real Estate Facilitates $9.6M Fifth Third Bank Ground-Lease Sale In Raleigh

The retail property at 615 Oberlin Road in Raleigh was recently sold in a ground-lease transaction for $9,600,000. This 2,775-square-foot property, occupied by Fifth Third Bank under a 20-year lease and featuring a drive-thru ATM, achieved a price per square foot of $3,459.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $9,600,000
• Address: 615 Oberlin Road
• Market: Raleigh, NC
• SF: 2,775
• Brokers: Matthew Mousavi & Patrick Luther - SRS Real Estate Partners

SRS Real Estate Partners played a crucial role in facilitating the ground-lease sale of the retail property. Matthew Mousavi and Patrick Luther from SRS Real Estate Partners represented the parties involved in this successful transaction, showcasing their expertise and experience in commercial real estate deals.