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3608 University Dr 14,350 SF 80% Leased Office Building Durham, NC 27707 $3,695,000 ($257.49/SF) 7.23% Cap Rate
EXECUTIVE SUMMARY
PRIME INVESTMENT OPPORTUNITY or DENTIST OWNER USER of 2,813SF
*Durham Office Building
*14,488 SF
*Built 1999
*Multi Tenant Office (6 Tenants 100% as of now)
*Reputable Tenants
*Price: $3,695,000 ($255/sf)
located on University Dr in a retail heavy corridor near Durham Chapel Hill Blvd and Martin Luther King Jr Pkwy
*Durham Office Building
*14,488 SF
*Built 1999
*Multi Tenant Office (6 Tenants 100% as of now)
*Reputable Tenants
*Price: $3,695,000 ($255/sf)
located on University Dr in a retail heavy corridor near Durham Chapel Hill Blvd and Martin Luther King Jr Pkwy
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
14,350 SF
Building Class
B
Year Built
2001
Price
$3,695,000
Price Per SF
$257.49
Cap Rate
7.23%
NOI
$267,025
Percent Leased
80%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,175 SF
Slab To Slab
13’
Building FAR
0.39
Lot Size
0.85 AC
Zoning
OI-1 - Office Institutional
Parking
68 Spaces (4.74 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Fully Built out Dental space - +/- 2,813 SF -6 operatories -Waiting room Location -Located on University Dr. (+/- 12,000 VPD) -Located near Durham Chapel Hill Rd (+/- 20,000 VPD)
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 104 | 2,813 SF | Office/Medical | Full Build-Out | Now |
1st Fl-Ste 104
| Size |
| 2,813 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 104
| Size | 2,813 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
Fully Built out Dental space - +/- 2,813 SF -6 operatories -Waiting room Location -Located on University Dr. (+/- 12,000 VPD) -Located near Durham Chapel Hill Rd (+/- 20,000 VPD)
PROPERTY TAXES
| Parcel Number | 121821 | Improvements Assessment | $1,739,048 |
| Land Assessment | $860,000 | Total Assessment | $2,599,048 |
PROPERTY TAXES
Parcel Number
121821
Land Assessment
$860,000
Improvements Assessment
$1,739,048
Total Assessment
$2,599,048
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3608 University Dr
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