Historical Office Sale Listing - Madison Centre Offices

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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)

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