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

Property Image
SOLD
$10,500,000

North Carolina

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Industrial78,956 SF
Sold 07/11/2025
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Property Image
SOLD

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

900 Freedom Drive

See Similar Deals
Industrial78,956 SF
Sold 07/11/2025
the dealplayerscompscontact
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Summary

NORTH CAROLINA
Asset Type:Industrial
Price Per Square Foot:$133
Total Square Footage:78,956 SF
Transaction Type:Sale

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.

Players

Jake Viverette
The Overton Group
Jake Viverette
2 deals$24.3M volume(804) 754-5462
BROKER
The Overton Group
The Overton Group
BROKERAGE
B&D Holdings
B&D Holdings
BUYER

Details

SOLD
IMAGE: 07/11/2025 ADDRESS: 900 Freedom Drive MARKET: Raleigh, NC ASSET TYPE: Industrial BUYER: B&D Holdings BROKER: Jake Viverette - The Overton Group SALE PRICE: $10,500,000 SF: 78,956 ~ PPSF: $133 NOTE: B&D Holdings acquired two industrial buildings in Raleigh for $10.15 million, marking its first property in the city, citing location and occupancy rates as key factors. The 78,956-square-foot site, with an 83% occupancy rate and below-market rents, offers potential for rent increases and aligns with the region's strong industrial demand.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$37,304.29
Cash-on-Cash Return-1.27%
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