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Morisey Commercial Buys Retail Building for $2.7M

Acquires REO Property in Raleigh
April 3, 2014
Morisey Commercial purchased the retail building at 909 Spring Forest Rd. in Raleigh, NC, from SunTrust Bank for $2.7 million, or about $165 per square foot.

The 16,373-square-foot building was constructed in 1994 and was fully leased at the time of sale.

Matt Larson of Lincoln Harris represented the seller, while the buyer was self-represented.

Please see CoStar COMPS #2988276 for more information on this transaction.

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