4400 Ben Franklin Blvd Durham, NC 27704

This exceptional three-story, 19,780 square foot Class B medical office building in Durham, NC, presents a compelling investment opportunity. Located at 4400 Ben Franklin Blvd, 27704, this property boasts a strong pro-forma NOI of $300,000 and an 8.60% pro-forma cap rate. Built in 1997 and renovated in 2023, the building features two units totaling 19,780 square feet of rentable space, currently 25% occupied, with a lease commencement date of May 1, 2024, and expiration on April 30, 2025. The asking price is $3,490,000 ($176.44/sq ft), and the lease is NNN with a corporate guarantee. The property includes 42 parking spaces and sits on a 91,476 square foot lot. The building is zoned commercial and benefits from a prime location near other medical facilities, including North Durham Orthodontics, Aspirar Pharmacy, and several other medical practices. The seller is open to negotiating a sale or lease. The property is currently configured with approximately 15,000 square feet of office space on the first two floors and approximately 5,000 square feet of basement space, already wired for 30 workstations. Annual rent bumps are in place. This is an owner/user opportunity with institutional investment potential. The property's APN is 0833-01-15-9966, 0833-01-15-8861, 0833-01-25-0863.