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320 E Chapel Hill St 3,468 SF of Office Space Available in Durham, NC 27701
HIGHLIGHTS
- Prime downtown location.
- Surrounded on all four sides by active alleys and sidewalks.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 2nd Floor, Ste 200 | 3,468 SF | Negotiable | $22.00 /SF/YR $1.83 /SF/MO $76,296 /YR $6,358 /MO | Full Service |
2nd Floor, Ste 200
Fully rehabilitated office space featuring four private offices/meeting rooms and a kitchenette.
- Rate includes utilities, building services and property expenses
- Fully Built-Out as Standard Office
- Open Floor Plan Layout
- 2 Private Offices
- Windows provide the suite with ample natural light
- Downtown location, steps away from all of Durham.
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 3,468 SF | Gross Leasable Area | 22,004 SF |
| Property Type | Retail | Year Built | 1923 |
| Property Subtype | Storefront Retail/Office |
| Total Space Available | 3,468 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 22,004 SF |
| Year Built | 1923 |
ABOUT THE PROPERTY
Both built in the early 1920s, 320 E Chapel Hill Street and 322 E Chapel Hill Street were home to furniture stores—Center, Bargain, Penny—for most of the twentieth century. When purchased in 2009, the buildings were vacant and in need of a complete rehabilitation, which Empire and Alliance Architecture undertook together in 2012. The historic tax credit project now houses a wide variety of uses including residential, retail, office, and restaurant in just over 15,000 square feet. Surrounded on all four sides by active alleys and sidewalks, these buildings are uniquely urban in character.
- 24 Hour Access
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
NEARBY MAJOR RETAILERS
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
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320 E Chapel Hill St
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