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Investment Highlights

  • The park is home to many established medical, dental and health practices.
  • Onsite parking.

Executive Summary

Rare to find medical-office condo available in South Durham to lease or owner occupy.

1 Unit Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit 100
  • 8,986 SF
  • Office/Medical
  • $4,163,859 CAD ($463.37 CAD/SF)
  • $299,302.89 CAD
Sale Type Investment
Cap Rate 7.19%
Description
8,986 RSF medical-health space – One 100% occupied condo sub-divided into 2 secured triple net leased suites.
Sale Notes
The park is home to many established medical, dental and health practices.
Unit Unit Size Condo Use Price NOI
Unit 100 8,986 SF Office/Medical $4,163,859 CAD ($463.37 CAD/SF) $299,302.89 CAD

Unit 100

Unit Size
8,986 SF
Condo Use
Office/Medical
Price
$4,163,859 CAD ($463.37 CAD/SF)
NOI
$299,302.89 CAD

Unit 100

Unit Size 8,986 SF
Condo Use Office/Medical
Price $4,163,859 CAD ($463.37 CAD/SF)
NOI $299,302.89 CAD
Sale Type Investment
Cap Rate 7.19%
Description
8,986 RSF medical-health space – One 100% occupied condo sub-divided into 2 secured triple net leased suites.</li></ul>
Sale Notes
The park is home to many established medical, dental and health practices.</li></ul>

Property Facts

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 55,000 SF
Property Type Office (Condo)
Property Subtype Medical
Building Class B
Floors 3
Typical Floor Size 17,667 SF
Year Built 2006
Lot Size 4.80 AC
Parking Ratio 3.96/1,000 SF
Zoning O & I - Office & Institutional

Amenities

  • Signage
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
40/100
  • Listing ID: 29217069

  • Date on Market: 2023-11-13

  • Last Updated:

  • Address: 249 E NC 54 Hwy, Durham, NC 27713

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