This property is Off-Market

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

2,000 SF · Office For Sale

N/A

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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

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