Bldg 400 2741 Campus Walk Ave 6,400 SF 81% Leased Office Building Durham, NC 27705 $1,150,000 ($179.69/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% occupancy, with seller willing to guarantee rent on one vacant unit
- Tenants pay most property expenses, with limited landlord responsibility
- NOTE: Rent roll and financials available with registration + execution of NDA
- Owner-occupant ready with steady cash flow in place from other leases
- Conveniently located near Duke University/Hospital and major highways (15-501, I-85, Durham Freeway)
EXECUTIVE SUMMARY
SVN | Real Estate Associates is pleased to offer for sale Building 400 at 2741 Campus Walk Ave in Durham. This four-unit office condo package provides full building control, with three units leased (200, 300, 400) and expenses mostly covered by tenants.
The seller will guarantee one year of rent on the vacant unit (100), ensuring a 7% cap rate for investors. It's also ideal for owner-occupants seeking rental income while using the vacant space.
The seller will guarantee one year of rent on the vacant unit (100), ensuring a 7% cap rate for investors. It's also ideal for owner-occupants seeking rental income while using the vacant space.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
6,400 SF
Building Class
B
Year Built
2002
Price
$1,150,000
Price Per SF
$179.69
Cap Rate
7%
NOI
$80,500
Percent Leased
81%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,560 SF
Building FAR
0.10
Lot Size
1.51 AC
Opportunity Zone
Yes
Zoning
OI - Office Institutional
Parking
20 Spaces (3.91 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
SVN | Real Estate Associates, as exclusive listing agent, is pleased to offer for lease Unit 100, a ±1,226 SF first floor office condo located at 2741 Campus Walk Avenue, Building 400 in Durham, NC. In total, this ±5,120 SF professional office building contains four office suites. The property is well located just minutes from Duke University Medical Center, the VA Hospital, and downtown Durham, and is easily accessible via the Durham Freeway, 15-501, Interstate-85, and Erwin Road.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 100 | 1,226 SF | Office | Full Build-Out | Now |
1st Fl-Ste 100
| Size |
| 1,226 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $295,758 | |
| Land Assessment | $147 | Total Assessment | $295,905 |
