William & Marcia Ulm Purchase Office In Raleigh From Daniel Walser For $9.5M

An office building located at 2625 Appliance Court in Northeast Raleigh was sold for $9.5 million, well above its assessed value of about $3.5 million. The property spans 28,321 square feet, resulting in a price per square foot of $335.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $9,500,000
• Buyer: William & Marcia Ulm
• Seller: Daniel Walser - APG Capital
• Brokers: Rick Polley & David Divine - APG Advisors; Eric Dowling - Boyd Watterson
• Address: 2625 Appliance Court
• Market: Raleigh, NC

The sale of the office building was facilitated by APG Capital, a Raleigh-based company, after securing a long-term lease with the U.S. General Services Administration. The buyers, William & Marcia Ulm, finalized the acquisition with the assistance of brokers Rick Polley, David Divine from APG Advisors, and Eric Dowling from Boyd Watterson.