Facebook Pixel 1200 Leon Street, Leon Court Apartments, Durham, NC | Durham, NC 27705

1200 Leon Street, Leon Court Apartments, Durham, NC , Durham, NC 27705

Office • Sold
Best Use
Residential
  • 67,200 sf
  • 3.78 acres
City
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Durham
County
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Durham
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Property Details

Listing Details

  • List Price
    $3,500,000
  • Analysis

    Sale Price $3,500,000 ÷ 67,200 SF GBA = $52.08 per SF of GBA
    Sale Price $3,500,000 ÷ 64 units = $54,687 per unit
    Stated NOI at time of sale: $252,869
    Resulting CAP rate: 6.58%

  • Address
    null, Durham, NC 27705
  • City
    Durham
  • County
    Durham
  • Parcel #
    106396
  • Listing Agent(s)
  • Status
    Closed
  • Closed Date
    4/21/2016
  • Data Source
    Pickett Sprouse Commercial Real Estate
  • Listing ID
    61307

Notes

Part two of two part purchase; Oaks of Northgate Apartments purchased by same buyer (See Sale No. 890).

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