Concourse Lakeside I & II | Raleigh, NC

Raleigh, NC | Light Value-Add Office Acquisition

Overview

Concourse Lakeside consists of two, two-story Class-A suburban office buildings directly adjacent to Raleigh’s primary employment center, the Research Triangle Park. Concourse Lakeside presents an opportunity to  generate strong current cash flow, with the opportunity to create value by improving the cosmetic appearance of the buildings, leasing the remaining vacancy and rolling the in-place rents to market.  Current market conditions are superb with a 3.7% submarket vacancy rate, and Raleigh is forecast to lead the country in population and job growth, indicating significant future demand growth in an already tight market.