For Lease
$27.50-$29.50 /SF/YR

1880 Broad StFuquay-Varina, NC 27526

New Class A Office Condos, Fuquay-Varina

Overview

Added:
Dec 11, 2024
Days on market:
116
Lane Professional Park offers exceptional office and retail opportunities in the rapidly growing Fuquay-Varina area. This brand-new, six-building development, completed in 2024, features single-story buildings totaling 67,350 square feet of space. Units range from 1,800 to a maximum contiguous 9,805 square feet, ideal for a variety of businesses. The property boasts a convenient location on NC 55 Hwy, providing easy access to both Holly Springs and Fuquay-Varina, with excellent visibility and multiple points of ingress/egress on NC 55 Hwy and Old Powell Road. The development benefits from a high traffic count of 30,000 vehicles per day and is surrounded by significant residential growth, with over 3,500 new homes and apartments approved or under construction nearby. The property offers ample parking with a 4.0 per 1,000 square foot ratio. Available spaces are suitable for traditional office, medical office, and retail uses. Lease terms are flexible, ranging from 5 to 10 years, with tenant allowances for build-out. Office lease rates are $27.50 per square foot per year, NNN, and retail lease rates are $29.50 per square foot per year, NNN. The sale price is available upon request. The estimated total operating expense is $4.25 per square foot per year. Signage opportunities are also available. Currently, 41,361 square feet of space is vacant.

Highlights

  • Class A office and medical condo development in Fuquay-Varina, Wake County.
  • 67,350 total square feet across six single-story buildings.
  • Spaces available ranging from 1,800 to 9,805 contiguous square feet; 41,361 square feet currently vacant.
  • 4 parking spaces per 1,000 square feet.
  • Excellent location on NC 55 Hwy, offering multiple points of ingress/egress and high visibility.
  • Lease rates: $27.50/SF/year NNN (office), $29.50/SF/year NNN (retail). Sale price available upon request. Estimated TICAM: $4.25/SF/year.

Property Details for 1880 Broad St

Property type
Retail properties, Office properties
RSF (Rentable sq. ft)
67,350 SF
Class
A
Year Built
2024
Buildings
6
Stories
1

Unit(s) available at that property

Space
Building D Suite 1882
Size
3,358 SF
Rate per SF
$27.50
Space
Building D Suite 1884
Size
3,358 SF
Rate per SF
$27.50
Space
Building C
Size
9,805 SF
Rate per SF
$27.50
Space
Building E
Size
9,393 SF
Rate per SF
$27.50
Space
Building F
Size
5,642 SF
Rate per SF
$29.50
Space
Building B
Size
5,581 SF
Rate per SF
$27.50

Location Insight

City
Fuquay-Varina
County
Wake
State
North Carolina
Latitude
35.608917638421
Longitude
-78.806199412178
1880 Broad St, Fuquay-Varina, North Carolina

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1880 Broad St
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