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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
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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