222 N Person St Listing Details & Market Data

Lee & Associates Raleigh-Durham is pleased to exclusively present 222 North Person Street, a ±40,638-square-foot office building in Downtown Raleigh. The property serves as the headquarters for the North Carolina Medical Society (NCMS), which originally constructed the building in 1971. The property is a unique opportunity for a long-term sale-leaseback arrangement or an owner-occupant. 222 North Person Street boasts an impressive 84% occupancy rate and is particularly challenging to replicate due to land pricing constraints in Downtown Raleigh. It is the only institutional office building in the highly sought-after Historic Oakwood District. The existing tenant mix includes lobbyists, attorneys, small businesses, and nonprofit organizations, all of which benefit from the building’s proximity to government buildings within walking distance. This property presents investors with a rare opportunity to acquire a mission-critical office property with a stable tenant base, situated in a location with high barriers to entry and substantial growth potential.Lee & Associates Raleigh-Durham is pleased to exclusively present 222 North Person Street, a ±40,638-square-foot office building in Downtown Raleigh. The property serves as the headquarters for the North Carolina Medical Society (NCMS), which originally constructed the building in 1971. The property is a unique opportunity for a long-term sale-leaseback arrangement or an owner-occupant. 222 North Person Street boasts an impressive 84% occupancy rate and is particularly challenging to replicate due to land pricing constraints in Downtown Raleigh. It is the only institutional office building in the highly sought-after Historic Oakwood District. The existing tenant mix includes lobbyists, attorneys, small businesses, and nonprofit organizations, all of which benefit from the building’s proximity to government buildings within walking distance. This property presents investors with a rare opportunity to acquire a mission-critical office property with a stable tenant base, situated in a location with high barriers to entry and substantial growth potential.