This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1823 Chapel Hill Rd
Durham, NC 27707
Office Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Signage
ABOUT 1823 CHAPEL HILL RD , DURHAM, NC 27707
Trinity Partners is pleased to offer for sale to qualified investors, the opportunity to acquire a fully, 100 percent leased standalone property located in the emerging market of Durham, North Carolina. The investment consists of a office building which features a net-lease structure with Carolina Outreach who was recently acquired by ncgCARE (a national, $150+ million-dollar company). Carolina Outreach has a 16+ year operating history, 10 offices across the state of North Carolina, nearly 400 employees, and is recognized as the #1 leader in behavioral health service in state. The subject property serves as Carolina Outreach’s headquarters location. Investment Highlights: 1) NNN, lease structure; 2) National credit tenancy; 3) Proven operating history with design-built facilities; 4) Market leader in specialty medical; 5) High barrier to entry; and 6) Fee simple interest Investment Summary: Rentable Area 3,200 square feet Properties One office building % Leased 100% Tenant Carolina Outreach (Recently acquired by ncgCARE) Lease Term Remaining 4.5 years +/- NOI $43,236 Sell Price $580,000 CAP rate 7.5%
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $244,125 | |
| Land Assessment | $353,751 | Total Assessment | $597,876 |
PROPERTY TAXES
