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4318 Medical Park Drive (aka 4315 Medical Park Dr), Durham, NC 4318 Medical Park Drive, Durham, NC 27704

Office • Sold
Best Use
Office
  • 8,023 sf
  • 1.05 acres
City
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Durham
County
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Durham
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Property Details

Listing Details

  • List Price
    $2,230,000
  • Analysis

    Sale Price $2,230,000 ÷ 8,023 SF GBA = $277.95 per SF of GBA
    CAP rate 6.59% (based upon $18.31/SF NNN rent at time of sale)

  • Address
    4318 Medical Park Drive, Durham, NC 27704
  • City
    Durham
  • County
    Durham
  • Parcel #
    0833-01-16-4433; 172227
  • Listing Agent(s)
  • Status
    Closed
  • Closed Date
    6/25/2015
  • Data Source
    Pickett Sprouse Commercial Real Estate
  • Listing ID
    55691

Notes

Long term lease to NC Specialty Hospital for a wound center and pain clinic. Original 10 year lease term starting 9/1/2014. 2% annual increases in rent. NNN rent at time of sale $18.31/SF results in CAP rate of 6.59%.

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