Franklin Park
Chapel Hill, NC University Place

Price Upon Request

Office For Sale • 50,390 SF

2 Properties View all

Property Details

Property Type Office

36 Transit Score

59 Walk Score

                
                    Highlights
                
                                Offering 1512 and 1516 Franklin Street, two professionally managed office buildings totaling a combined 50,390 square feet on 4.67 acres.
                            
                                Exclusive opportunity to acquire valuable Franklin Street assets in one of North Carolina’s most iconic and supply-strained submarkets.
                            
                                Current occupancy at 41.2% with significant upside through lease-up, repositioning, or value-add capital improvement initiatives. 
                            
                                Listed significantly below replacement cost, with escalating construction and land prices making new development in Chapel Hill increasingly costly.
                            
                                Situated in the heart of the Research Triangle, one of the fastest-growing US regions, where rents have risen by 10% over the last five years.
                            
                                2 miles to UNC and minutes to Village Plaza, University Place, and I-40, unparalleled access to retail, healthcare, education, and major employers.