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4505 Falls of Neuse Road
SOLD

Tyler Wolfram - Oak Hill Ventures Acquires Office Building From Jeff Shaw - Bridge Commercial

4505 Falls of Neuse Road

Office
clock iconSold 37 days ago
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Summary

Sale
NORTH CAROLINA
Office

An office building comprising 169,700 square feet located at 4505 Falls of Neuse Road & 4515 Falls of Neuse Road in Raleigh, NC, was recently sold for $12.25 million.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $12,250,000
  • Buyer: Tyler Wolfram - Oak Hill Ventures
  • Seller: Jeff Shaw - Bridge Commercial Real Estate
  • Sale Price per Square Foot: $72

Bridge Commercial Real Estate successfully divested the two office buildings, with a significant decrease in the sale price compared to the previous purchase price in 2020.

Details

Deal Summary
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SOLD
IMAGE: 06/13/2024 ADDRESS: 4505 Falls of Neuse Road & 4515 Falls of Neuse Road MARKET: Raleigh, NC ASSET TYPE: Office BUYER: Tyler Wolfram - Oak Hill Ventures SELLER: Jeff Shaw - Bridge Commercial Real Estate SALE PRICE: $12,250,000 SF: 169,700 ~ PPSF: $72 NOTE: Bridge Commercial Real Estate has divested two office buildings in Raleigh, N.C., totaling 169,700 square feet, for $12.25 million, marking a significant decrease from the nearly $30 million purchase price in 2020.

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Address4505 Falls of Neuse Road

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