1822 E Highway 54 - Office FOR SALE


Durham, NC 27713- RTP
$3,800,000 USD
919-673-4775
1822 E Highway 54, Durham, NC for Sale
$3,800,000 USD
Office - FOR SALE
1/6
null | Request Cap Rate

1822 E Highway 54
Durham, NC 27713
RTP


HIGHLIGHTS

  • Generations Plaza benefits from a central location near the intersection of NC-54 and NC-55.
  • The building has immediate access to I-40 and numerous retail, restaurants, and hotels.
  • The property is situated just off I-40, linking Raleigh, Durham, and Chapel Hill, with easy access to NC-147, I-885, and the Triangle Expressway (I- 5

OVERVIEW

TradeMark Properties is pleased to announce an opportunity to acquire a three-story, 38,887-square-foot Class A office building located in South Durham adjacent to Research Triangle Park. Generations Plaza benefits from a central location near the intersection of NC-54 and NC-55. The building has immediate access to I-40 and numerous retail, restaurants, and hotels. The subject property is located within the South Durham submarket of the Triangle, just west of Research Triangle Park. RTP is home to over 3000 companies that employ over 55,000 workers. The property is situated just off I-40, linking Raleigh, Durham, and Chapel Hill, with easy access to NC-147, I-885, and the Triangle Expressway (I- 540) providing direct connections to many of the ancillary communities throughout the Triangle. Generations Plaza offers the right investor a value-add opportunity. By taking advantage of the improving market conditions and some common area and lobby upgrades, Generations Plaza can realize higher rents with longer terms to bring the property to a stabilized asset.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$98 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

A

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

175

LAND DETAILS

LAND ACRES

7.92 AC

LAND SF

344,995 SF

ZONING

RD

APN/PARCEL ID

153880

ASK ABOUT THIS PROPERTY

Fred DickensTradeMark PropertiesMore Info
919-673-4775

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Fred DickensTradeMark PropertiesMore Info
919-673-4775

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.