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618 E Ramseur St
Durham, NC 27701 City Center Durham

$2,400,000 USD

Office Condo For Sale  •  3,910 SF

Property Details

  • Property Type Office
  • Total Building Size 10,606 SF
  • Lot Size 0.92 AC
  • Building Class B
  • Year Built 1925
  • Tenancy Multiple
  • Zoning I2
56 Transit Score
82 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 102 & 104 Office/Retail 3,910 SF $2,400,000 USD
  • Unit Size: 3,910 SF
  • Condo Use: Office/Retail
  • Price: $2,400,000 USD
  • Sale Type: Investment
  • Price/SF: $613.81 USD
Description
Premium Downtown Durham location.  Just minutes to Duke University, Research Triangle Park, the new Apple RTP
Campus and RDU Airport.  Nestled amongst numerous restaurants/breweries and an easy walk to the
Durham Bulls ballpark. Ample on-site surface parking.

Sale Notes
Absolute NNN investment opportunity - office condo. 10 year NNN lease w/two 5-year options. 2.5% annual escalations.

Description 

Maverick Partners is pleased to present this unique opportunity to acquire a 100% leased single-tenant NNN
investment property in one of the region's hottest sub-markets. Seller has executed a 10-year absolute net lease
with no owner responsibilities. Originally constructed in the 1930's, this historic structure was completely gut
renovated in 2020. The opportunity represents a 39% condo interest in the aggregate property and includes
common access to ample on-site parking.

Highlights

Just minutes to Duke University, Research Triangle Park, the new Apple RTP Campus and RDU Airport.
Nestled amongst numerous restaurants/breweries and an easy walk to the Durham Bulls ballpark.

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
3 min 19 min 0.9 mi
AirportDriveWalkDistance
Raleigh-Durham International 21 min - 13.8 mi
Brad Wiese 919-730-8719 Maverick Partners Realty Services, Inc
Brad Wiese 919-730-8719 Maverick Partners Realty Services, Inc