1830 Hillandale Rd - Medical FOR SALE


Durham, NC 27705- Hillandale
$8,501,933 USD
678-521-2540
1830 Hillandale Rd, Durham, NC for Sale
$8,501,933 USD
Medical - FOR SALE
1/17
null | 7.1% Cap Rate

1830 Hillandale Rd
Durham, NC 27705
Hillandale


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. * 26,871 SF Medical Office Building situated on a 1.69-acre parcel, featuring three stories and a typical floor plate of 8,957 SF. * 100% Leased to the U.S. Department of Veterans Affairs, which has occupied the property since 2005 as an outpatient clinic serving Veterans. * Recent 3-Year Lease Renewal Effective February 2026 with the U.S. Government (AA+ S&P rating), offering long-term income stability. Current lease extends through January 2029. * Proximity to Major Medical Institutions, including Duke University Hospital, Durham VA Medical Center, and Duke Regional Hospital, enhancing the site’s strategic healthcare relevance. * Ample Surface Parking with 100 spaces (3.5/1,000 SF), supporting high patient and staff traffic.* Well-Maintained Facility, with a glass and masonry exterior, a concrete parking lot, and recent roof coating upgrades. * Zoned OI (Office & Institutional), allowing for a variety of medical and professional uses within a growing healthcare corridor.

FOR SALE DETAILS

PRICE

$8,501,933 USD

PRICE/SF

$316 USD /SF

CAP RATE

7.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Veterans Affairs Medical Office - Govt Lease

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.69 AC

LAND SF

73,616 SF

ZONING

OI

APN/PARCEL ID

125465

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.