This Office Property is Off-Market.

1800 Martin Luther King jr. Blvd
Durham, NC 27707 ·

2,000 SF · Office For Sale

N/A

Print

Madison Centre Offices

Price N/A Cap Rate 10%
Building Size 2,000 SF Occupancy 100%
Property Type Office No. Stories 2
Property Sub-type Office Building Tenancy Single
Property Use Type Net Lease Investment with 3 years left on lease Lot Size 2,000 SF
Listing ID: 16001455 Date Created: 11/24/2008 Last Updated: 10/21/2011

Description

Property renovated in 2005. +/- 2000SF (2 adjoined office condo units of +/- 1,000SF each). Condo association dues $2,712/year. 2010 Real Property Taxes $2,993

Great location, near restaurants, retail and services.

Highlights

  • 3 year lease term
  • Lease expiring May 31, 2014
  • Initial rent is $2,550/month
  • Tenant since 2006
  • Tenant pays interior and HVAC maintenance, utilities and janitorial.

Research

1800 Martin Luther King jr. Blvd, Durham, NC 27707 (Durham County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Durham Market Trends - Asking price index trends, sale price trends, asking rent trends

Similar Listings

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)