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2422 Erwin rd
Durham, NC 27705
508 Fulton Street Garage A · Specialty Property For Sale
·
330,000 SF
Investment Highlights
- Six-story parking garage encompassing approximately 330,000 SF with 1,112 parking spaces.
- Located just minutes from Downtown Durham with convenient access to major roadways and regional connectivity.
- Serves a high-traffic area with a stable, built-in customer base and proximity to Duke University and healthcare facilities.
- Strategically positioned on the Durham VA Medical Center Campus, ensuring a steady demand from medical staff, patients, and visitors.
- Leasehold interest in a well-established asset constructed in 1988 and designated within an Opportunity Zone, offering potential tax advantages.
- Professional representation by Jones Lang LaSalle (JLL), providing a structured investment process for prospective buyers.
Executive Summary
Jones Lang LaSalle Americas, Inc. (“JLL”) has been retained as the exclusive sales representative for 508 Fulton St, Parking Garage A (the “Asset”, “Property”, “508 Fulton St”), a 1,112-space parking garage located in Durham, North Carolina. The asset is strategically located on the Durham VA Medical Center Campus and just minutes from downtown Durham. This unique opportunity presents investors with an opportunity to acquire a leasehold position in a strategically located parking deck that benefits from direct access to one of the area’s premier medical facilities and a consistent customer base.
Property Facts
| Sale Type | Investment | Building Size | 330,000 SF |
| Property Type | Specialty | No. Stories | 6 |
| Property Subtype | Parking Garage | Year Built | 1988 |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | UC | ||
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Parking Garage |
| Building Class | C |
| Building Size | 330,000 SF |
| No. Stories | 6 |
| Year Built | 1988 |
| Opportunity Zone |
Yes |
| Zoning | UC |
Property Taxes
| Parcel Number | 104570 | Improvements Assessment | $0 CAD |
| Land Assessment | $23,252,500 CAD | Total Assessment | $23,252,500 CAD |
Property Taxes
Parcel Number
104570
Land Assessment
$23,252,500 CAD
Improvements Assessment
$0 CAD
Total Assessment
$23,252,500 CAD
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