5003 Southpark Dr - Medical CONDO FOR SALE


Durham, NC 27713- Southpoint
$435,000 USD
919-815-5824
5003 Southpark Dr, Durham, NC for Sale
$435,000 USD
Medical CONDO - FOR SALE
1/106
null | Request Cap Rate

5003 Southpark Dr
Durham, NC 27713
Southpoint


HIGHLIGHTS

  • Fully leased to a U.S. Government tenant since 2005, affirming a consistent and secure income stream.
  • Current lease extends through July 2029 with an option to renew, reducing rollover risk.
  • Strategic location within Southpark Professional Center near I-40 and RDU Airport, offering convenient regional access.
  • Situated in the Triangle’s robust business corridor, serving Durham, Chapel Hill, and Raleigh markets.
  • First-floor positioning with immediate lobby access for tenant visibility and ease of entry.
  • Professional brick construction and well-maintained common areas supported by a managed HOA.

OVERVIEW

This first-floor office condominium in Southpark Professional Center offers a rare investment opportunity in one of the Triangle's most accessible locations. The property is currently occupied by the U.S. Government for a Naval Officer Recruitment office, with a lease extending through July 2029 and an option to renew—continuing a tenancy that dates back to 2005. This long-term credit tenant delivers income stability and minimizes risk for investors seeking dependable cash flow. Positioned with excellent connectivity, the Southpark Professional Center is minutes from Interstate 40, Raleigh-Durham International Airport, and seamlessly links to Durham, Chapel Hill, and Raleigh. The property benefits from an established, professional environment supported by its Homeowners Association, creating strong fundamentals for both ownership and enduring tenant appeal. Whether you're an investor focused on secure occupancy or exploring long-term upside in a thriving regional market, this asset provides both. Additional lease and HOA details are available for qualified buyers.

FOR SALE DETAILS

PRICE

$435,000 USD

PRICE/SF

$299 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

12,282 SF

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

4.43 AC

LAND SF

192,971 SF

ZONING

OI-2

APN/PARCEL ID

202410,202411,202412,202413,202414

ASK ABOUT THIS PROPERTY

Amy SearsBerkshire Hathaway HomeServicesMore Info
919-815-5824

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Amy SearsBerkshire Hathaway HomeServicesMore Info
919-815-5824

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