B&D Holdings Acquires Two Industrial Buildings In Raleigh For $10.5 Million With Jake Viverette As The Broker

The property located at 900 Freedom Drive in Raleigh, NC, consists of two industrial buildings with a total area of 78,956 square feet. This site sold for $10,500,000, reflecting a price per square foot of $133. The asset features an occupancy rate of 83%, with below-market rents, presenting opportunities for potential rent increases amidst the region's strong industrial demand.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $10,500,000
• Buyer: B&D Holdings
• Broker: Jake Viverette - The Overton Group
• Sale Date: 07/11/2025
• Market: Raleigh, NC
• Square Footage: 78,956
• Price Per Square Foot: $133

B&D Holdings acquired this property marking its first investment in Raleigh. The decision to purchase was influenced by the property's location and the favorable occupancy rates within the market.