Lou Moshakos Acquires Fully Leased Office Building In Raleigh For $14.9M

A 10-story, fully leased office building located at 227 Fayetteville St., Raleigh, NC, has been sold in a closed transaction. The buyer, Lou Moshakos, acquired this property through an online auction from a lender for a total sale price of $14,900,000. The office building spans an area of 101,000 square feet, resulting in a price per square foot of $148.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $14,900,000
• Address: 227 Fayetteville St., Raleigh, NC
• Market: Raleigh, NC
• Square Footage: 101,000
• Price Per Square Foot: $148
• Buyer: Lou Moshakos

Raleigh restaurateur Lou Moshakos successfully completed this acquisition of the fully leased office building at 227 Fayetteville St. for nearly $15 million through an online auction facilitated by a lender.