for sale wade
TRANSCRIPT
OFFICE/RETAIL BUILDINGFOR SALE600 Wade Avenue, Raleigh NC 27605
600WADE
RALEIGHDOWNTOWN
40
440
440
70
54
Wade AveTrinity Rd
Rale
igh
Blvd
New Bern
Six Forks Rd Six Forks Rd
Le
ad Min
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Blue
Ri d
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B u�aloe R d
Dur
aleig
h Rd
Western Blvd
Hillsbo rough St
YORK PROPERTIES2108 Clark AvenueRaleigh, NC 27605
919.821.1350@yorkproperties1
yorkproperties.com
This information has been secured from sources believed to be reliable, but such information cannot be guaranteed for its accuracy and should be used for informational purposes only. Any projections, opinion, assumptions or estimates used are for example only and do not constitute any warranty or representation as to the accuracy of the information, nor any guarantee of completeness, usefulness, timeliness or warranty of future performance. All information should be verified through an independent investigation by the recipient, prior to execution of legal documents or purchase, to determine the suitability of the property for their needs. Logos and/or pictures are displayed
for visual purposes only and are the property of their respective owners.
ROBERT [email protected]
919.863.0821
RICH [email protected]
919.439.5151
AGENTS
600 Wade Avenue is ideally located in the heart of Raleigh off Wade Avenue near Saint Mary’s Street and US-70. This thriving location offers easy access to I-40, I-440 and US-1.
2014 renovations include a new roof
and interior updates.
600WADE
5510 SIX FORKS ROAD600 WADE AVENUE
INTERIOR PHOTOS
600 WADE AVENUE FLOOR PLAN · PAGE 5
AGENTS · ROBERT HOYT [email protected] · RICH HARRIS [email protected]
ZONINGOX-3 (Office mixed-use)
CONSTRUCTION Built in 1959Brick, exposed steel
± 9,228 SF On .73 acres
ADDITIONAL INFORMATION• New 20-year roof installed in 2014• New gutters in 2014• New exterior paint in 2014• Majority of building was renovated in 2014• Approximately 41 parking spaces• Monument signage on Wade Avenue• Short term leases in place, providing income for an investor and flexibility for an owner-occupant
PRICING SUBJECT TO OFFERS
PROPERTY DESCRIPTIONOFFICE/RETAIL
COURTYARD
LANDSCAPINGLANDSCAPING LANDSCAPING
NEW HALF-WALLEXIST CEILING TOREMAIN
6 NEWWORKSTATIONS
HVAC TOREMAIN
HVACTO
REMAIN
EXIST POWERPOLE
LOW WALLTO BE
REMOVED
FILEDRAWERS
NIC
EXISTINGELEC.PANEL
(4) NEW WORKSTATIONS
NEW SIDELIGHT NEW SIDELIGHTNEW SIDELIGHTNEW SIDELIGHT
E
E
E
EEE
E
E
E
E
E
E
E
E
E
E
5432
7 6
OFFICE 1101
OFFICE 2102
OFFICE 3103
HALLWAY100
RECEPTION104
PRESIDENT'SOFFICE
105CONFERENCE
ROOM106
BREAKROOM
107
OPENOFFICE AREA
108
EQUIP.CLOSET
109
EXISTINGRESTROOM
110
EXISTINGRESTROOM
111
OFFICE 4112
OFFICE 5113
OPEN OFFICE114
WORK ROOM115
EXISTINGRESTROOM
116
DEVELOPMENTDEPARTMENT
117OFFICE 6
118
OFFICE 7119
1
9'-014"8'-8"8'-8"
14'-5
1 4"
5" 5"
8'-134"
5"
12'-714"
5"
5'-0
"6'
-47 8"
6'-9
7 8"
EXIST CEILING TOREMAIN
12'-10"
11'-7"
1'-212"
E
ALL FURNITURE TOBE PROVIDED BYOWNER TYP.
SEE STRUCTURALDRAWINGS FORNEW LINTEL
SEE STRUCTURALDRAWINGS FOR WALLREINFORCING
EXISTING ADJACENT TENAN T AREA TO REMAIN. NO CONSTRUCTION
A A AA
E
8
E
E
FEEXISTING
FENEW
INTERIOR WALL - 3-5/8" METAL STUD WALL WITH 1LAYER GYP. BOARD EACH SIDE EXTENDED 4"ABOVE FINISHED CEILING UNLESS OTHERWISENOTED
EXISTING 1 HOUR FIRE BARRIER CONSTRUCTED PER UL#U365 TO UNDERSIDE OF ROOF DECK
GC TO COORDINATE FINAL LOCATION OF ELECTRICAL & PHONE OUTLETSW/ OWNER PRIOR TO INSTALLATION.
GC TO PROVIDE NECESSARY BLOCKING IN WALLS FOR MILLWORK,SHELVING, & EQUIPMENT SUPPLIED BY OWNER. GC TO COORDINATELOCATIONS W/ OWNER.
1.
2.
ALL DIMENSIONS SHOWN ARE FROM FACE OF FINISHED MATERIALS.3.
GENERAL NOTES:
WALL LEGEND:
SYMBOLS LEGEND
FE SEMI-RECESSED FIRE EXTINGUISHER CABINET (OR SURFACEMOUNTED IF LOCATED ON MASONRY WALL) - COORD.FINAL LOCATIONS IN FIELD W/ FIRE MARSHALL
- STOREFRONT / CURTAIN WALL / WINDOW LOCATION - SEEWINDOW SCHEDULE
NEW DOOR / FRAME LOCATION - SEE DOOR SCHEDULE
EXISTING WALL TO REMAIN
#
EXISTING DOOR / FRAME LOCATIONE
These drawings are the property of Winstead Wilkinson Architects, PLLC. They may not be reused for any purpose without written permission. Copyright © 2014 by Winstead Wilkinson Architects, PLLC. All rights reserved.
RALE
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PROJECT NUMBER214102
DATEFEBRUARY 17, 2014
REVISIONS
A102
FIRST
FLOOR PLAN
These drawings are the property of Winstead Wilkinson Architects, PLLC. They may not be reused for any purpose without written permission. Copyright © 2014 by Winstead Wilkinson Architects, PLLC. All rights reserved.
RALE
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0560
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PROJECT NUMBER214102
DATEFEBRUARY 17, 2014
REVISIONS
These drawings are the property of Winstead Wilkinson Architects, PLLC. They may not be reused for any purpose without written permission. Copyright © 2014 by Winstead Wilkinson Architects, PLLC. All rights reserved.
RALE
IGH,
NC
276
0560
0 W
AD
E A
VEN
UE
CRI
SPIN
CO
RPO
RATIO
NIN
TERI
OR
ALT
ERA
TION
S FO
R:
PROJECT NUMBER214102
DATEFEBRUARY 17, 2014
REVISIONS
These drawings are the property of Winstead Wilkinson Architects, PLLC. They may not be reused for any purpose without written permission. Copyright © 2014 by Winstead Wilkinson Architects, PLLC. All rights reserved.
RALE
IGH,
NC
276
0560
0 W
AD
E A
VEN
UE
CRI
SPIN
CO
RPO
RATIO
NIN
TERI
OR
ALT
ERA
TION
S FO
R:
PROJECT NUMBER214102
DATEFEBRUARY 17, 2014
REVISIONS
1FIRST FLOOR PLANSCALE: 1/4" = 1'-0"
SECOND FLOOR
SAIN
T MARY’S
ST.
US 70 / GLENWOOD AVENUE
RAILROAD PEACE STREET
CAPITOL BOULEVARD
WADE AVEN
UE
1
HILLSBOROUGH ST.
2 MILE RADIUS
1 MILE RADIUS
600 WADE AVE
14.7 miles (18 min) HUB RTP
400 �ights on nine airlines to a multitude of non-stop destinations on a daily basis. 11.9 miles (15 min)
RDU AIRPORT
This 43-acre, $1.5 billion project will be a premier location for people who want to live, play, and shop where they work.
Downtown Raleigh is an apex of commerce and government and is home to a thriving
creative culture with artists, musicians, innovative tech companies, award-winning chefs, and cutting-edge makers working to create the Downtown Raleigh experience.
DOWNTOWNRALEIGH
One of the premier research parks in North America — uniting NC State
University students and faculty, national and international partners,
and the wider community of Raleigh.
NC STATECENTENNIAL
CAMPUS1.4 miles (3 min.)
Formerly known as Cameron Village, Village District is a 539,000+ square
foot outdoor shopping center co-anchored by Harris Teeter, Fresh
Market, Great Outdoor Provision Company and Bailey’s Fine Jewlery.
VILLAGE DISTRICTSHOPPING CENTER
0.4 miles (1 min)
A center for social life among NC State and Meredith College students. Bars, restaurants, coffee shops, convenience stores hotels and
banks are located along the 3-mile strip.HILLSBOROUGH
STREET
600 WADE AVENUE LOCATION · PAGE 6
600 WADE AVENUE DEMOGRAPHICS
RALEIGH ACCOLADES
#3
#9 #7
BEST CITY TO WORK IN TECH IN AMERICASmartAsset · June, 2019
BEST PERFORMING ECONOMY IN THE USMilken Institute · February 2021
MOST RECESSION-RESISTANT CITIES SmartAsset · 2020
BEST PLACES FOR ‘FIRE’EARLY RETIREMENTMagnifyMoney.com· May 2021
BEST PLACES TO LIVE IN 2021 Bankrate · January 2021
BEST STATE CAPITAL CITIESWalletHub · January, 2021
#1 #3
#5
14,488
55,357
106,043
8,305
24,208
43,644
$143,656
$129,794
$106,045
13,876
62,608
103,152
POPULATIONMILE RADIUS HOUSEHOLDS DAYTIME POPULATION
HOUSEHOLDINCOME
MARKET DATA · PAGE 7
1
2
3
RALEIGH PROFILE
Total Population474,069
Median Age34.5
Median Home Price$284,300
Median Gross Rent$1,121
Median HouseholdIncome
$67,266
Number ofHouseholds
183,335Number of Persons Per Household
2.42
50.9%Batchelor’s Degree or Higher, Ages 25+
Mean Time Travel to Work
24 min.Households with a Computer
95.9%
Number of HousingUnits, Wake Co.
453,345Owner Occupied Housing Unit Rate
51.5%
AMAZON SIGNS NEW LEASES · MARCH 2021
“After opening its massive fulfillment center in Garner
last year, Amazon (Nasdaq: AMZN) has signed the leas-es for two new delivery stations in the Triangle, one in Garner and the other in Raleigh.
The goal is to power Amazon’s ‘last-mile delivery ca-pabilities,’ said spokeswoman Ashley Lansdsale. The e-commerce giant said the move will create hundreds of jobs, but didn’t give an exact amount. Already, the company employs about 600 full-time associates at ex-isting delivery stations in the Triangle. It opened new delivery stations in Cary and Durham last year.”
MAJOR GROWTH ON THE HORIZON
AMAZON SIGNS NEW LEASES · MARCH 2021
“After opening its massive fulfillment center in Garner
last year, Amazon (Nasdaq: AMZN) has signed the leas-es for two new delivery stations in the Triangle, one in Garner and the other in Raleigh.
The goal is to power Amazon’s ‘last-mile delivery ca-pabilities,’ said spokeswoman Ashley Lansdsale. The e-commerce giant said the move will create hundreds of jobs, but didn’t give an exact amount. Already, the company employs about 600 full-time associates at ex-isting delivery stations in the Triangle. It opened new delivery stations in Cary and Durham last year.”
GOOGLE TO OPEN ENGINEERING HUB · MARCH 2021
“Google is opening a new cloud engineering hub in Durham. ...The office could eventually support more than 1,000 jobs and grow into one of Google Cloud’s top five engineering hubs in the U.S....”
APPLE ANNOUCES RTP CAMPUS · APRIL 2021
“As part of its investments and expansion, Apple plans to invest over $1 billion in North Carolina and will begin con-struction on a new campus and engineering hub in the Research Triangle area. The investment will create at least 3,000 new jobs in machine learning, artificial intelligence, software engineering, and other cutting-edge fields.”
APPLE ANNOUCES RTP CAMPUS · APRIL 2021
“As part of its investments and expansion, Apple plans to invest over $1 billion in North Carolina and will begin con-struction on a new campus and engineering hub in the Research Triangle area. The investment will create at least 3,000 new jobs in machine learning, artificial intelligence, software engineering, and other cutting-edge fields.”
APPLE ANNOUCES RTP CAMPUS · APRIL 2021
“As part of its investments and expansion, Apple plans to invest over $1 billion in North Carolina and will begin con-struction on a new campus and engineering hub in the Research Triangle area. The investment will create at least 3,000 new jobs in machine learning, artificial intelligence, software engineering, and other cutting-edge fields.”
https://www.bizjournals.com/triangle/news/2021/03/03/ama-zon-new-delivery-stations-raleigh-garner-jobs.htmlhttps://www.newsobserver.com/news/business/article250013204.html
Source: https://www.apple.com/newsroom/2021/04/apple-commits-430-billion-in-us-investments-over-five-years/
GOOGLE TO OPEN ENGINEERING HUB · MARCH 2021
“Google is opening a new cloud engineering hub in Durham. ...The office could eventually support more than 1,000 jobs and grow into one of Google Cloud’s top five engineering hubs in the U.S....”
600 WADE AVENUE
YORK PROPERTIESBrokerage · Property Management · SecurityMaintenance · Association Management · ConstructionLandscaping · Accounting
ADDRESS2108 Clark AvenueRaleigh, NC 27605
AGENTS
ROBERT HOYT
RICH HARRIS
919.863.0821
919.439.5151
600WADE