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215 William Penn Plaza, Durham, NC 215 William Penn Plaza, Durham, NC 27704

Residential • Sold
Best Use
Multifamily, Residential
  • 365,985 sf
  • 23.36 acres
City
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Durham
County
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Durham
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Property Details

  • Best Use
    Multifamily, Residential
  • SF
    365,985 sf
  • Acres
    23.36 acres
  • Building Year
    2008
  • Zoning
    OI(D)
  • Permitted Use
    Multifamily, Residential
  • Attachments

Listing Details

  • List Price
    $50,025,000
  • Analysis

    $50,025,000 / 365,985 SF = $136.68 per SF

    $50,025,000 / 312 Units = $160,336.54 per Unit

    $50,025,000 / 13 Buildings = $3,848,076.92 per Building

  • Address
    215 William Penn Plaza, Durham, NC 27704
  • City
    Durham
  • County
    Durham
  • Parcel #
    172255
  • Listing Agent(s)
  • Status
    Closed
  • Closed Date
    4/23/2020
  • Data Source
    Pickett Sprouse Commercial Real Estate
  • Listing ID
    176394

Legacy Details

  • Analysis

    $50,025,000 / 365,985 SF = $136.68 per SF

    $50,025,000 / 312 Units = $160,336.54 per Unit

    $50,025,000 / 13 Buildings = $3,848,076.92 per Building

  • Grantee/Tenant
    Independent Park Investor, LLC
  • Grantor/Landlord
    Neyland Apartment Associates Two, LLC
  • # of Multifamily Units
    312
  • Use at Time of Sale
    Garden Apartments
  • Utilities
    City

Information deemed reliable but not guaranteed to be accurate. © Pickett Sprouse Commercial Real Estate. All rights reserved.