Historical Office Sale Listing - Madison Centre Offices

Office For Sale

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Madison Centre Offices

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

N/A

2,000 SF | Office

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Office Property - Off Market

Price:
N/A
Building Size:
2,000 SF
Property Type:
Office
Property Sub-type:
Office Building
Property Use Type:
Net Lease Investment with
3 years left on lease
Cap Rate:
10%
Occupancy:
100%
No. Stories:
2
Tenancy:
Single
Lot Size:
2,000 SF
Listing ID
16001455
Last Updated
over 1 year ago

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.

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.

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

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

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