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Modern Office Building in Perimeter Park
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4000 Paramount Parkway, Morrisville, NC 27560

Three-story, 90,000 SF office building with modern amenities.

Space Size9,212 SF
Property Size90,000 SF
Days on Market1045

Property Features for 4000 Paramount Parkway

General Information

Standard status Active
Size 9,212 SF
Class A
Property subtype Retail, Office, Restaurant
Lease Type Full Service

Building Details

Building Size 90,000 SF
Year Built 2021
Tenancy Multiple

Spaces For Lease

at 4000 Paramount Parkway Contact us

Suite 175

Size
9,212 SF
Type
Office, Retail
Lease Type
Full Service
Availability
Active
Contact us
Listing Agency: Trinity Partners
Listed By: William Allen · License #NC 160798
Source: Crexi
Added: Oct 27, 2023 Changed: Sep 3 Last Checked: Sep 4 at 4:42PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Trinity Partners

Investment Insights

Based on property information with market context.

Located within the master-planned Perimeter Park development, 4000 Paramount Parkway is a newly constructed, three-story office building featuring 90,000 square feet of space. The building incorporates virus mitigation measures and offers a bright lobby, efficient approximately 32,000 square foot floor plates, and striking glasslines. Ample parking is available, and prominent signage provides branding opportunities. The property is situated amid landscaped green space, lakes, and over seven miles of walking trails. An on-site fitness center is available, along with restaurants, shops, services, and hotels located within the park or minutes away. The location provides access to RTP/I-40.

Key Highlights

  • Newly constructed in 2021 with virus mitigation measures
  • Located in Perimeter Park, a master‑planned development with modern office buildings
  • Efficient ±32,000 SF floor plates and striking glasslines

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Storage Facility Bakery Carpet & Flooring Store Nail Salon Veterinary Clinic Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$4.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

513
Businesses Nearby

Demographics for 27560, NC

38,959
Population
17,764
Households
2.2
Avg Household Size
33
Median Age
73%
College-Educated
96%
High-School Grad
27.4 sq mi
ZIP Area
1,422
Density / Sq Mi
$117,340
Median Household Income
$70,040
Median Earnings
$1,760
Median Rent
$466,900
Median Home Value

Market

Lease Benchmarks for Morrisville, NC

$28.92 /SF/Yr
Avg Asking Price
$19.5–$33 /SF/Yr
Price Range
114,454 SF
Avg Space Size

This space is priced 4% above the average of $28.92 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Three-story, 90,000 SF office building with modern amenities.
Where is this office building located?
The property is located at 4000 Paramount Parkway Morrisville, NC.
What is the lease rate?
The lease rate is $30 SF/Yr.
What are key features of this property?
This property features: Newly constructed in 2021 with virus mitigation measures; Located in Perimeter Park, a master‑planned development with modern office buildings; Efficient ±32,000 SF floor plates and striking glasslines
More about this property
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