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- LoopNet Team
4102 Ben Franklin Blvd
Durham, NC 27704
Office Property For Sale
PROPERTY FACTS
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%
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PROPERTY TAXES
Parcel Number | 209405 | Improvements Assessment | $2,035,026 |
Land Assessment | $437,325 | Total Assessment | $2,472,351 |
PROPERTY TAXES
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Listing ID: 16381526
Date on Market: 6/18/2019
Last Updated:
Address: 4102 Ben Franklin Blvd, Durham, NC 27704
The Office Property at 4102 Ben Franklin Blvd, Durham, NC 27704 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.