1824 Hillandale Rd - Medical FOR SALE


Durham, NC 27705- Hillandale
$2,546,946 USD
678-521-2540
1824 Hillandale Rd, Durham, NC for Sale
$2,546,946 USD
Medical - FOR SALE
1/8
null | 7% Cap Rate

1824 Hillandale Rd
Durham, NC 27705
Hillandale


HIGHLIGHTS

  • Government VA Medical Office

OVERVIEW

? Strategically Located in Durham, NC, at the signalized intersection of Hillandale Road and Bertland Avenue, with visibility to approximately 127,000 vehicles per day. ? Ideally Situated in Durham, NC, just off Hillandale Road with easy access to Interstate 85 and close proximity to major VA and Duke-affiliated medical campuses. ? 9,388 SF Single-Story Medical Office Building on a 1.00-acre parcel, designed for high-efficiency outpatient operations and government medical use. ? 100% Leased to the U.S. Department of Veterans Affairs since 2003, operating continuously as an outpatient clinic for over 20 years. ? Current Lease Term Ends March 2026; Two-Year Renewal Under Negotiation with the U.S. Government (AA+ S&P credit), providing a path toward stabilized cash flow and continued occupancy. ? Located within Durham’s expanding medical corridor, minutes from Duke University Hospital, the Durham VA Medical Center, and Duke Regional Hospital. ? Dedicated Surface Parking with 33 spaces (3.52/1,000 SF), supporting steady daily patient volume and staff access. ? Professionally Maintained Asset, featuring durable brick construction, recent HVAC system upgrades, and new interior improvements including ADA accessibility enhancements. ? Zoned OI (Office & Institutional), supporting continued medical office use and alignment with healthcare-driven neighborhood development.

FOR SALE DETAILS

PRICE

$2,546,946 USD

PRICE/SF

$268 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Veterans Affairs Medical Office - Govt Lease

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

OI

APN/PARCEL ID

125467

ASK ABOUT THIS PROPERTY

Andrew ZifferGreenleaf ManagementMore Info
678-521-2540

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Andrew ZifferGreenleaf ManagementMore Info
678-521-2540

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