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Coastal Building II 2828 Croasdaile Dr 66,563 SF Office Building Durham, NC 27705 $5,750,000 ($86.38/SF)

Matterport 3D Tours

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INVESTMENT HIGHLIGHTS

  • Exceptional value-add or owner-user opportunity with current cash flow and available, move-in ready space.
  • Extensive renovations under current ownership including lobby and first floor restrooms.
  • Close proximity to Downtown Durham, Duke Regional Hospital and Duke University.
  • Strong credit tenant in-place — Corning Incorporated.
  • Branding opportunities with additional building top signage.
  • Ample parking with EV dual charging station.

EXECUTIVE SUMMARY

Avison Young is pleased to present this 16% leased, three-story, multi-tenant office building, entire second and third floors available (totaling 45,791 square feet) for immediate occupancy. Featuring a renovated lobby and balcony space on all floors, the building boasts exceptional visibility and seamless access to Interstate 85, connecting the property to all major thoroughfares throughout the Triangle region. Existing income from a credit tenants, Corning Incorporated (S&P: BBB+), makes 2828 Croasdaile an ideal opportunity for businesses seeking a long-term home to own their own real estate or for an investor to create value through enhanced cash flows.

MATTERPORT 3D TOURS

View Virtual Tour of First Floor | 6,461 Square Feet

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DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Building Size
66,563 SF
Building Class
B
Year Built/Renovated
1988/2018
Price
$5,750,000
Price Per SF
$86.38
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
22,346 SF
Building FAR
0.44
Lot Size
3.50 AC
Zoning
OI - Office and Institutional
Parking
225 Spaces (4 Spaces per 1,000 SF Leased)

AMENITIES

  • Conferencing Facility
  • Signage
  • Wheelchair Accessible
  • Car Charging Station
  • Monument Signage
  • Air Conditioning
  • Balcony

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Manufacturing
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

Corning is vital to progress – in the industries they shape and in the world they share. They invent life-changing technologies using materials science. Their scientific and manufacturing expertise, boundless curiosity, and commitment to purposeful invention place them at the center of the way the world interacts, works, learns, and lives. Their sustained investment in research, development, and invention means they’re always ready to solve the toughest challenges alongside their customers. Corning is changing the world with trusted products that accelerate drug discovery, development, and delivery to save lives; damage-resistant cover glass to enhance the devices that keeps the world connected; optical fiber, wireless technologies, and connectivity solutions to carry information and ideas at the speed of life; precision glass for advanced displays to deliver richer experiences; and auto glass and ceramics to drive cleaner, safer, and smarter transportation.

  • Educational Services
  • -
  • -
  • -
  • Jan 0000

Watts College of Nursing is positioned for the future; opening its door to offer a BSN Nursing Program built on a tradition of nursing excellence.Since its inception in 1895, Watts has focused exclusively on nursing education for entry into professional nursing practice. Throughout its history, Watts has shown exceptional ability to meet the changing needs of students, health care consumers, and the nursing profession. Now more than ever before, Watts is embracing change with a future filled with great promise and expectation for continued excellence in nursing education.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Manufacturing - - Lorem Ipsum Jan 0000
Educational Services - - - Jan 0000

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 102
  • 6,461 SF
  • Office
  • Full Build-Out
  • 30 Days

6,461-SF suite available adjacent to newly renovated lobby with patio/balcony access. The suite has a completely open floor plan.

  • 1st Fl-Ste 125
  • 3,722 SF
  • Office
  • Full Build-Out
  • 30 Days

Suite 125 totals 3,722 square feet of open office space.

  • 2nd Fl-Ste 200
  • 22,475 SF
  • Office
  • Full Build-Out
  • 30 Days

Desirable full 2nd floor opportunity (demisable) with a mix of private offices and conference rooms.

  • 3rd Fl-Ste 300
  • 23,316 SF
  • Office
  • Full Build-Out
  • 30 Days

Desirable full 3rd floor opportunity (demisable) with open floor plan, large conference room, shower facilities and balconies.

Space Size Space Use Condition Available
1st Fl-Ste 102 6,461 SF Office Full Build-Out 30 Days
1st Fl-Ste 125 3,722 SF Office Full Build-Out 30 Days
2nd Fl-Ste 200 22,475 SF Office Full Build-Out 30 Days
3rd Fl-Ste 300 23,316 SF Office Full Build-Out 30 Days

1st Fl-Ste 102

Size
6,461 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

1st Fl-Ste 125

Size
3,722 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

2nd Fl-Ste 200

Size
22,475 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

3rd Fl-Ste 300

Size
23,316 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

1st Fl-Ste 102

Size 6,461 SF
Space Use Office
Condition Full Build-Out
Available 30 Days

6,461-SF suite available adjacent to newly renovated lobby with patio/balcony access. The suite has a completely open floor plan.

1st Fl-Ste 125

Size 3,722 SF
Space Use Office
Condition Full Build-Out
Available 30 Days

Suite 125 totals 3,722 square feet of open office space.

2nd Fl-Ste 200

Size 22,475 SF
Space Use Office
Condition Full Build-Out
Available 30 Days

Desirable full 2nd floor opportunity (demisable) with a mix of private offices and conference rooms.

3rd Fl-Ste 300

Size 23,316 SF
Space Use Office
Condition Full Build-Out
Available 30 Days

Desirable full 3rd floor opportunity (demisable) with open floor plan, large conference room, shower facilities and balconies.

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
2020 Population
5,953
68,661
156,642
2024 Population
6,228
71,673
163,918
Population Growth '20-'24
4.6%
4.4%
4.6%
2020 Households
2,766
30,204
64,154
2024 Households
2,903
31,308
66,646
Household Growth '20-'24
5.0%
3.7%
3.9%
Average Age
39
37
38
Median Household Income
$57,057
$58,896
$59,046
Daytime Employees
5,317
57,812
96,828
Total Businesses
791
7,864
12,487
College Degree + Higher
48%
52%
45%

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
130741
Land Assessment
$1,068,750
Improvements Assessment
$5,933,419
Total Assessment
$7,002,169
  • Listing ID: 34729132

  • Date on Market: 2/5/2025

  • Last Updated:

  • Address: 2828 Croasdaile Dr, Durham, NC 27705

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