The Auto Connection, based in Virginia Beach, VA, acquired the auto dealership property located at 4809 Capital Boulevard in Raleigh, NC from Lieth for $4 million, or about $207 per square foot.
The 19,314-square-foot building delivered in 1989. It was vacant at the time of sale. This will be the second location in North Carolina for The Auto Connection.
There were no agents involved in the transaction.
Please see CoStar COMP #3016965 for more information on this transaction.