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S. Miami Blvd Assemblage 2 Properties Offered at $8,516,857 CAD in Durham, NC
Investment Highlights
- Built in 1986, the buildings were renovated in 2011 and include a waiting area with private offices, garage/shop space, and 11 roll-up doors
- Direct access to US 70 with close proximity to I-85/I-885, connecting to downtown Durham and RTP
- Gas-pack heat or oil can be used by both tenants
- Front half of the property is zoned CG - upon adoption of the new Land Development Code (LDC), the entire property is proposed to be rezoned CH
Executive Summary
The offering includes 1426 S. Miami Boulevard, 1408 Marly Drive, and 1500 S. Miami Boulevard, totaling ±2.51 acres. The property features two commercial buildings totaling ±22,998 SF, currently occupied by Moaven Automotive and Gerber Collision and Glass, plus a ±0.20-acre fenced parking lot. Near-term lease expirations offer flexibility for an owner-user or value-add potential through lease renewals.
Property Facts
| Price | $8,516,857 CAD | Number of Properties | 3 |
| Price / SF | $613.78 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 5.96% | Total Building Size | 13,876 SF |
| Sale Type | Investment or Owner User | Total Land Area | 2.04 AC |
| Status | Active |
| Price | $8,516,857 CAD |
| Price / SF | $613.78 CAD / SF |
| Cap Rate | 5.96% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 13,876 SF |
| Total Land Area | 2.04 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1500 S Miami Blvd, Durham, NC 27703 | Land | 0.20 AC | - | - |
|
Building 2
1426 S Miami Blvd, Durham, NC 27703 |
Retail | 13,876 SF | 1986 | - |
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