Siemens Energy Signs Lease For 55279 SF Office In Raleigh Represented By JLL
4912 Green Road
Building Size
55,279 SF
Asset Type
Office
Closing
Jan 30, 2025
AI
The property involved in this transaction is an office asset located at 4912 Green Road in Raleigh, NC. It encompasses a total square footage of 55,279 and is part of the commercial real estate market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Date: 01/30/2025
- Tenant: Siemens Energy
- Brokers: Kimarie Ankenbrand, Matt Winters & Dennis Hurley - JLL
Siemens Energy has signed a lease at this property, effectively doubling its footprint and securing its status as the sole tenant. The representation for Siemens Energy in this lease was handled by JLL's brokers Matt Winters and Kimarie Ankenbrand, while Dennis Hurley represented the landlord.
Players
Raleigh Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93