Wake Plaza Building

3031 New Bern Ave ,
Raleigh , NC 27610

 

34,431
Building SF
 
 
$715,739
NOI
 
 
 
 
 
 
34,431
Building SF
 
 
$715,739
NOI
 
 
 
 
 
 

  • Fairfield Advisors, as the advisor to the seller, is offering the opportunity to acquire the Wake Plaza Medical Office Building located at 3031 New Bern Avenue in Raleigh. The Class-A MOB totals 34,431 square feet and was built in 2008. The building has an exceptional location being located adjacent to the WakeMed Raleigh Medical Center in a thriving medical corridor in Raleigh. The current owner, Dr. James Godwin, developed the building and was a tenant up until his retirement. The building is currently occupied by strong medical tenants on longer term, NNN leases with annual increases. In addition, 20% of the MOB is unoccupied providing a true value-add opportunity in one of the strongest markets in the U.S.

Location and Demographics

  • Strategically positioned directly across from WakeMed Raleigh Campus. The flagship hospital of WakeMed Health & Hospitals, the largest health system in Wake County
  • The property sits within a well-established medical corridor anchored by WakeMed, creating immediate referral relationships and consistent patient traffic for building tenants
  • Convenient access to I-440 and New Bern Avenue, a major road connecting the medical campus to Downtown Raleigh and the broader Triangle region
  • Wake County Median Household Income: $101,763
  • Neighboring communities include Knightdale, Garner, Cary, and the greater Research Triangle, supporting a large and growing patient base across one of the most economically dynamic metros in the Southeast
FOR MORE DETAILS CONTACT
Audrey Trainor
Vp of Business Development
(720) 626-2956
audreyt@fairfieldadv.com
Greg Trainor
Managing Partner
(720) 984-9113
gregt@fairfieldadv.com