249 Nc Hwy 54- – Durham, NC 27713
- Office Properties & Spaces
- 8,986 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 249 Nc Hwy 54- –
- Property size
- 8,986 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Durham
- County
- Durham
- State
- North Carolina
- Longitude
- -78.9197
- Latitude
- 35.8932
