249 Nc Hwy 54- – Durham, NC 27713
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Durham, NC Medical Office Building - High Occupancy
Property size:
8,986 SFProperty Features for 249 Nc Hwy 54- –
General Information
- Property type
- Medical offices
- Square Feet
- 8,986 SF
Listing Agency: Borden Real Estate LLC Listing Agent: Robert Lacy
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a fully occupied, 8,986 square foot medical office condo located at 249 E NC Hwy 54, Suite 100, Durham, NC 27713. The property, known as Southpoint Professional Center I, boasts a strong 6.63% capitalization rate and a current Net Operating Income (NOI) of $198,503. The building is currently 100% occupied, with two recently secured triple net leased suites. These leases include a 3% annual escalation clause, ensuring consistent income growth. The property is ideally situated within a thriving medical and healthcare community, surrounded by established medical, dental, and health practices. Detailed financial information, including the Certificate of Occupancy budget, is available upon execution of a Non-Disclosure Agreement (NDA). This is a rare chance to acquire a stable, high-performing medical office asset in a prime Durham location. The asking price is $2,995,000. Don't miss this opportunity to add a valuable asset to your portfolio.
Property Profile
Location Intelligence
Current Use by Public Records
Medical offices
Map
- City
- Durham
- County
- Durham
- State
- North Carolina
- Longitude
- -78.91972
- Latitude
- 35.89322
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FAQs
What type of property is this?
Medical office - Durham, NC Medical Office Building - High Occupancy
Where is this medical office located?
The property is located at 249 Nc Hwy 54- – Durham, NC.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: 8,986 SF medical office condo, 100% occupied, divided into two triple-net leased suites.; Strong medical office park location with established medical and dental practices.; $198,503 annual net operating income (NOI) with 3% annual escalations.