RTP Commons
Office
RTP
SOURCED
Address 1871 River St
Location Raleigh, NC
Size 276,331 sf
Built 2008
Occupancy 84.6%
Ownership Institutional
Deal economics
Ask price $64.1M
NOI (annual) $4.8M
Cap rate 7.50%
LTM revenue $11.0M
LTM NOI $4.4M
Seller intent Cold
Top tenants
- Apex Systems · Suite 150$1.9M base
- Evergreen Technologies · Suite 190$1.7M base
- Northstar Capital · Suite 170$1.7M base
- Apex Insurance · Suite 220$898k base
- Harbor Media · Suite 130$896k base
DD findings
- No findings yet — try running the Doc Room Auditor.
Class B office tower in RTP, Raleigh. 276,331 sqft across 10 floors. Built 2008. Major tenants include a mix of tech and professional services.