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3205 University Dr 11,896 SF 100% Leased Retail Building Durham, NC 27707 $2,950,000 ($247.98/SF) 7.58% Cap Rate
INVESTMENT HIGHLIGHTS
- 11,896-SF Multi-Tenant Strip Retail Center in Raleigh/Durham MSA
- Adjacent 1-Acre Land Parcel Available to Purchase (Not Included in Price)
- Five (5) Total Tenants | 52 Parking Spaces
- South Durham Location Near New Development Projects
- Recent Capital Improvements: New HVAC in Grocery, Breezeway Lights, Parking Seal and Stripe, Paint, Landscaping
- Domino’s Pizza #2 Location in 30-Mile Radius (Placer Ai) | Near Duke University
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
11,896 SF
Building Class
C
Year Built/Renovated
1967/2001
Price
$2,950,000
Price Per SF
$247.98
Cap Rate
7.58%
NOI
$223,650
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.23
Lot Size
1.19 AC
Zoning
CN - Commercial
Parking
53 Spaces (4.46 Spaces per 1,000 SF Leased)
Frontage
152’ on University Dr
AMENITIES
- Bus Line
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,654,458 | |
| Land Assessment | $2,100,250 | Total Assessment | $3,754,708 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,100,250
Improvements Assessment
$1,654,458
Total Assessment
$3,754,708
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3205 University Dr
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