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First Assembly of God of Raleigh Sells Facility for $5.75 Million

Religious Organization Acquires 43,358-SF Building
April 7, 2014
First Assembly of God of Raleigh sold its specialty building at 3249 Blue Ridge Rd. in Raleigh, NC for $5.75 million, or about $132 per square foot, to Summit Church Homestead Heights Baptist Church.

The 43,358-square-foot building was constructed in 1978 on 13.89 acres of land in West Raleigh
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Steve Robinson and Randy Williamson of Colliers International represented the seller in the transaction.

Please see CoStar COMPS# 2993549 for more information on this transaction.

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