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Asking Price Contact for pricing
N/A
NOI Net Operating Income N/A
Cap Rate N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Property Description

Unique 91 Acre Residential Development Opportunity In The Raleigh MSA – Selma, NC

Investment Highlights

  • Jones Lang LaSalle, a North Carolina licensed real estate broker (“JLL”), has been
  • retained as the exclusive sales representative for Eastfield Estates a +/- 91 -acre
  • residential development opportunity in one of the fastest growing submarkets of
  • the Raleigh MSA in Johnston County. In the past twelve months, Johnston County,
  • “JoCo”, has announced over $340MM in new projects coming to the area. The
  • property is well-positioned as it is located less than 20 minutes to Novo Nordisk,
  • which employees 1,400 people and has a new $2B plant set to come online in 2021,
  • and Grifols, who has 1,650 employees and $200M investment for a 150,000 SF
  • expansion underway, making them two of the top five employers in Johnston County.
  • Eastfield Estates is part of a larger development already in motion, including the
  • former JR building that will be transformed into a 13,000 sf food hall and will
  • feature 10 local NC vendors among other commercial expansion. Eastfield Crossing
  • could bring up to 3,000 jobs to the area, including those in medical, industrial and
  • manufacturing. Plans for the project also include an area for people to enjoy biking
  • and jogging, a farmers market, and hotels. Eastfield Estates also provides easy access
  • to US-70, which makes the commute 35 minutes to downtown Raleigh and I-95 which
  • provides excellent regional connectivity.
Last Updated Date: 06 Apr 2020
Sarah Godwin
Sarah Godwin
Director, Capital Markets
License details
NC-270966 SC-108916
Alexis Kaiser
Analyst

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Last Updated Date: 06 Apr 2020