Stephens Enterprises LLC Acquires Office Park At 5910-6040 Six Forks Road For $16M

The property involved in this transaction is an office asset located at 5910-6040 Six Forks Road in Raleigh, NC. The asset spans 81,901 square feet and was sold for a total price of $16,000,000, equating to a price per square foot of $195. At the time of sale, the property had an occupancy rate of 79%.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $16,000,000
• Buyer: Stephens Enterprises LLC
• Seller: Frank Csapo - Commonwealth Partners LLC
• Brokers: Bill Aucoin & Gary Lyons - Avison Young
• Square Footage: 81,901
• Price Per Square Foot: $195
• Occupancy Rate: 79%

Avison Young facilitated the sale of this office park, which highlights the engagement of experienced brokers in handling significant commercial transactions. Bill Aucoin and Gary Lyons represented both parties in this successful deal.