1823 Chapel Hill Rd
Durham, NC 27707
Office Property For Sale

PROPERTY FACTS
AMENITIES
- Bus Line
- Signage
ABOUT 1823 CHAPEL HILL RD , DURHAM, NC 27707
Trinity Partners is pleased to offer for sale to qualified investors, the opportunity to acquire a fully, 100 percent leased standalone property located in the emerging market of Durham, North Carolina. The investment consists of a office building which features a net-lease structure with Carolina Outreach who was recently acquired by ncgCARE (a national, $150+ million-dollar company). Carolina Outreach has a 16+ year operating history, 10 offices across the state of North Carolina, nearly 400 employees, and is recognized as the #1 leader in behavioral health service in state. The subject property serves as Carolina Outreach’s headquarters location. Investment Highlights: 1) NNN, lease structure; 2) National credit tenancy; 3) Proven operating history with design-built facilities; 4) Market leader in specialty medical; 5) High barrier to entry; and 6) Fee simple interest Investment Summary: Rentable Area 3,200 square feet Properties One office building % Leased 100% Tenant Carolina Outreach (Recently acquired by ncgCARE) Lease Term Remaining 4.5 years +/- NOI $43,236 Sell Price $580,000 CAP rate 7.5%
LINKS
PROPERTY TAXES
Parcel Numbers |
Multiple
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Improvements Assessment | $198,714 |
Land Assessment | $67,751 | Total Assessment | $266,465 |
Listing ID: 16583580
Date on Market: 7/11/2019
Last Updated:
Address: 1823 Chapel Hill Rd, Durham, NC 27707
The West End Durham Office Property at 1823 Chapel Hill Rd, Durham, NC 27707 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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