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4102 Ben Franklin Blvd
Durham, NC 27704

Office Property For Sale

PROPERTY FACTS

Property Type
Office
Property Subtype
Medical
Building Size
11,300 SF
Building Class
B
Year Built
2011
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
5,650 SF
Slab To Slab
13’
Building FAR
0.09
Lot Size
3.00 AC
Zoning
OI-2
Parking
52 Spaces (10 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line

About 4102 Ben Franklin Blvd , Durham, NC 27704

Trinity Partners is pleased to offer for sale to qualified investors, the opportunity to acquire a 100% leased medical office building located in Durham, NC. The 11,300 square foot building resides within the area's dense medical corridor and is within close proximity to Duke Regional Hospital. The investment features a long-term absolute, net-lease with Carolina Behavioral Care who has been providing comprehensive, high quality clinical services since 1982. The subject property was design-built for the practice's use and serves as a key clinical office which will continue to perform for years to come. The investment offers fee-simple interest in a stand-alone property with a base lease term which shall commence upon closing. Carolina Behavioral Care currently operates out of three office locations in the region. The others of which are available for purchase as well and are located in the Chapel Hill and Pinehurst MSA. Investment Highlights: 1) absolute NNN lease structure 2) established tenant business 3) specialty medical 4) long-term lease with annual rent increases and 5) fee simple interest Investment Summary: Rentable Area: 11,300 SF Property: One stand-alone medical office building % Leased: 100% Tenant: Carolina Behavioral Care Lease Term: 7 years (to commence upon closing) NOI: $214,700 Sales Price: $2,999,999 Cap Rate: 7.16%

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
209405
Land Assessment
$437,325
Improvements Assessment
$2,035,026
Total Assessment
$2,472,351
  • Listing ID: 16381526

  • Date on Market: 6/18/2019

  • Last Updated:

  • Address: 4102 Ben Franklin Blvd, Durham, NC 27704

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