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5003 Southpark Dr 1,453 SF Office Condo Unit Offered at $608,883 CAD in Durham, NC 27713
Investment Highlights
- Fully leased to a U.S. Government tenant since 2005, affirming a consistent and secure income stream.
- Strategic location within Southpark Professional Center near I-40 and RDU Airport, offering convenient regional access.
- First-floor positioning with immediate lobby access for tenant visibility and ease of entry.
- Current lease extends through July 2029 with an option to renew, reducing rollover risk.
- Situated in the Triangle’s robust business corridor, serving Durham, Chapel Hill, and Raleigh markets.
- Professional brick construction and well-maintained common areas supported by a managed HOA.
Executive Summary
The property is a first-floor professional office condominium located within Southpark Professional Center in Durham, North Carolina. It is part of Building 5003 and positioned near the main lobby entrance. The asset has proximity to Interstate 40 and Raleigh-Durham International Airport, enabling regional connectivity between Durham, Chapel Hill, and Raleigh. It is accessed via Southpark Drive, off NC-54, within an office park setting under a managed association. Parking and standard site amenities are assumed based on property type and location context. No rail or water transport connections are relevant to this asset.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User |
| Sale Type | Investment or Owner User |
Description
The property is a first-floor professional office condominium located within Southpark Professional Center in Durham, North Carolina. It is part of Building 5003 and positioned near the main lobby entrance. The asset has proximity to Interstate 40 and Raleigh-Durham International Airport, enabling regional connectivity between Durham, Chapel Hill, and Raleigh. It is accessed via Southpark Drive, off NC-54, within an office park setting under a managed association. Parking and standard site amenities are assumed based on property type and location context. No rail or water transport connections are relevant to this asset.
Sale Notes
This first-floor office condominium in Southpark Professional Center offers a rare investment opportunity in one of the Triangle's most accessible locations. The property is currently occupied by the U.S. Government for a Naval Officer Recruitment office, with a lease extending through July 2029 and an option to renew—continuing a tenancy that dates back to 2005. This long-term credit tenant delivers income stability and minimizes risk for investors seeking dependable cash flow.
Positioned with excellent connectivity, the Southpark Professional Center is minutes from Interstate 40, Raleigh-Durham International Airport, and seamlessly links to Durham, Chapel Hill, and Raleigh. The property benefits from an established, professional environment supported by its Homeowners Association, creating strong fundamentals for both ownership and enduring tenant appeal. Whether you're an investor focused on secure occupancy or exploring long-term upside in a thriving regional market, this asset provides both. Additional lease and HOA details are available for qualified buyers.
Positioned with excellent connectivity, the Southpark Professional Center is minutes from Interstate 40, Raleigh-Durham International Airport, and seamlessly links to Durham, Chapel Hill, and Raleigh. The property benefits from an established, professional environment supported by its Homeowners Association, creating strong fundamentals for both ownership and enduring tenant appeal. Whether you're an investor focused on secure occupancy or exploring long-term upside in a thriving regional market, this asset provides both. Additional lease and HOA details are available for qualified buyers.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 120 | 1,453 SF | Office | $608,883 CAD ($419.05 CAD/SF) | - |
Unit 120
| Unit Size |
| 1,453 SF |
| Condo Use |
| Office |
| Price |
| $608,883 CAD ($419.05 CAD/SF) |
| NOI |
| - |
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Unit 120
| Unit Size | 1,453 SF |
| Condo Use | Office |
| Price | $608,883 CAD ($419.05 CAD/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| Description | |
| The property is a first-floor professional office condominium located within Southpark Professional Center in Durham, North Carolina. It is part of Building 5003 and positioned near the main lobby entrance. The asset has proximity to Interstate 40 and Raleigh-Durham International Airport, enabling regional connectivity between Durham, Chapel Hill, and Raleigh. It is accessed via Southpark Drive, off NC-54, within an office park setting under a managed association. Parking and standard site amenities are assumed based on property type and location context. No rail or water transport connections are relevant to this asset.</li></ul> | |
| Sale Notes | |
| This first-floor office condominium in Southpark Professional Center offers a rare investment opportunity in one of the Triangle's most accessible locations. The property is currently occupied by the U.S. Government for a Naval Officer Recruitment office, with a lease extending through July 2029 and an option to renew—continuing a tenancy that dates back to 2005. This long-term credit tenant delivers income stability and minimizes risk for investors seeking dependable cash flow.<br> Positioned with excellent connectivity, the Southpark Professional Center is minutes from Interstate 40, Raleigh-Durham International Airport, and seamlessly links to Durham, Chapel Hill, and Raleigh. The property benefits from an established, professional environment supported by its Homeowners Association, creating strong fundamentals for both ownership and enduring tenant appeal. Whether you're an investor focused on secure occupancy or exploring long-term upside in a thriving regional market, this asset provides both. Additional lease and HOA details are available for qualified buyers.</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 | 12,282 SF | Typical Floor Size | 6,141 SF |
| Property Type | Office (Condo) | Year Built | 2005 |
| Property Subtype | Medical | Lot Size | 4.43 AC |
| Building Class | B | Parking Ratio | 2.44/1,000 SF |
| Floors | 2 | ||
| Zoning | OI-2 - Office | ||
| Total Building Size | 12,282 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 6,141 SF |
| Year Built | 2005 |
| Lot Size | 4.43 AC |
| Parking Ratio | 2.44/1,000 SF |
| Zoning | OI-2 - Office |
Amenities
- 24 Hour Access
- Kitchen
- Partitioned Offices
- Reception
- Drop Ceiling
- Wi-Fi
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
1 of 107
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5003 Southpark Dr
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