4220 NC Hwy 55 - Office FOR SALE


Durham, NC 27713- Woodcroft
$6,265,000 USD
919-645-2764
4220 NC Hwy 55, Durham, NC for Sale
$6,265,000 USD
Office - FOR SALE
1/7
null | 7% Cap Rate

4220 NC Hwy 55
Durham, NC 27713
Woodcroft


HIGHLIGHTS

  • Strategic positioning at the NC-55 and I-40 interchange with direct access to RTP and RDU Airport.
  • Diversified tenant mix across healthcare, education, and nonprofit sectors with long-term stability.
  • Strong income profile supported by 90 percent occupancy and no rollover until 2028.
  • Market-advantaged rent positioning offering a 15–20 percent discount to the immediate RTP office environment.
  • Opportunity for value growth through lease-up of move-in-ready suite with high-end finishes.
  • Professional, modern construction with excellent visibility and commuter convenience along major regional corridors.

OVERVIEW

Forest Creek represents a high-quality, institutionally attractive office investment strategically positioned at the NC Highway 55 and I-40 interchange on the highly coveted western edge of Research Triangle Park. This three-story, 30,648-square-foot professional building features modern finishes, strong curb appeal, and streamlined access to the region’s most significant economic engines, including RDU International Airport, Chapel Hill, Durham, and Morrisville. With its central location just 1.2 miles from the RTP core, the property offers both visibility and unmatched commuter connectivity for tenants drawing from all points of the Triangle. The asset is currently 90 percent occupied by a diversified roster of creditworthy users in the healthcare, nonprofit, and education sectors, reinforcing its reputation as a stable, low-turnover environment. In-place rental rates sit $2 to $5 per square foot below competing Class A and B office product in the immediate area, positioning Forest Creek as a cost-advantaged RTP-adjacent option with long-term tenant appeal. The building generates $438,475 in annual NOI based on a weighted average lease rate of $22.72 per square foot, supported by a secure rent roll with no lease expirations until 2028. The offering includes a 12-month rent credit on the vacant suite, creating an immediate boost to economic occupancy and a clear path for future upside. The available space is move-in ready with premium finishes, making it attractive for near-term lease-up at market rates of $22+ per square foot. Between its strategic gateway location, established tenant mix, and demonstrated operational strength, Forest Creek presents an ideal opportunity for investors seeking stable income today with built-in mark-to-market and occupancy growth potential in one of the Southeast’s most dynamic innovation corridors.

FOR SALE DETAILS

PRICE

$6,265,000 USD

PRICE/SF

$174 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Forest Creek

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

A

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

125

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

OI(D)

APN/PARCEL ID

154213

ASK ABOUT THIS PROPERTY

Judson McMillanYork PropertiesMore Info
919-645-2764

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Judson McMillanYork PropertiesMore Info
919-645-2764

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