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NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 2018
Building Area
Occupancy 77.0 %
Last Updated Date 25 Mar 2020

Property Description

Durham.ID is a premier development featuring high-quality construction, best-in-class tenant buildouts and an unmatched location that serves as a strategic ‘beachhead’ position in the master planned Durham Innovation District. Completed in the fall of 2018, the project is comprised of 330,274 square feet of office and medical research space in addition to street level retail, a planned roof top restaurant and an 8-story parking facility. The buildings’ brick and glass design pays homage to Durham’s textile and manufacturing roots while also lending itself to the high-tech, innovative culture that the city is highly regarded for today. The project offers sweeping views of Downtown Durham and fosters an energetic, collaborative environment that appeals to the region’s abundant STEM tenant base. As a result, the buildings are 84% leased to a creditworthy tenant roster featuring more than 13.1 years of weighted average remaining lease term.

Investment Highlights

Durham.ID is a recently constructed 330,274 square foot office development with ground floor retail in Raleigh-Durham, one of the fastest-growing metropolitan areas in the country. The office complex features experiential retail space along with a dedicated on-site parking deck, and is currently 87% leased to a dynamic tenant roster anchored by Duke University (Moody’s: Aa1) expiring 8/31/2033.
Ryan Clutter
Ryan Clutter
Senior Managing Director, Carolinas Office Co-Head
License details
MD-645969 ND-172952 SC-6364
Zachary Drozda
Zachary Drozda
Director, Capital Markets
License details
248777

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