Office Space / North Carolina / Durham / 27707 / 3711 University Drive

3711 University Drive

Durham, NC 27707

Listing ID: 257780

$498,000

For Sale

Property Type Office for Sale : Professional
Lot Size Acres 0.000
Building Sq Ft 3,300
Building Price per Sq Ft $150.91

Property Highlights

• Leased to Eleanor Health, Inc. through September 2024 with two 5-year options

• Additional investment financials available upon request

• Zoned Office Institutional OI

• Street-facing end unit with lots of windows

• Tenant pays utilities and janitorial

• High-traffic location on University Drive

Description

Investment opportunity! This fully-leased medical office condo is available for sale with a 7.56% cap rate. This offering consists of two adjoined condo units leased to Eleanor Health, Inc. through September 2024 with two renewal options. Great South Durham location right across from the University Hill development. Convenient to US 15-501, Duke University, and more.

Attachments & Files

salebrochure-12-cQI-7D3.pdf

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Listing Demographics for 3711 University Drive Durham, NC 27707

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		9,646	69,130	176,849
Population Median Age		35	36	36
Population by Age	0-9 Yrs	1343 (13%)	8043 (11%)	21730 (12%)
	10-19 Yrs	1244 (12%)	9578 (13%)	21703 (12%)
	20-29 Yrs	1696 (17%)	13277 (19%)	34138 (19%)
	30-39 Yrs	1646 (17%)	11020 (15%)	28985 (16%)
	40-49 Yrs	1256 (13%)	8124 (11%)	20589 (11%)
	50-59 Yrs	971 (10%)	7396 (10%)	19295 (10%)
	60-69 Yrs	678 (7%)	6625 (9%)	17007 (9%)
	70+ Yrs	812 (8%)	5067 (7%)	13401 (7%)

Median HH Income		$51,480	$57,683	$56,731
Total Household Income	< 24K	1111 (25%)	5817 (21%)	15083 (20%)
	25-49K	991 (23%)	6280 (22%)	17292 (23%)
	50-74K	736 (17%)	4566 (16%)	12388 (16%)
	75-99K	483 (11%)	2893 (10%)	8020 (10%)
	100-199K	679 (15%)	5420 (19%)	14353 (19%)
	200K+	296 (6%)	2383 (8%)	6020 (8%)

Highest Education Level	No Diploma	975	5361	13807
	Diploma or GED	1008	6053	16573
	Some College	828	5630	15429
	Assoc. Degree	330	2361	6248
	Bachelors Degree	1487	11342	30698
	Higher Degree	1742	13519	34538

Total Housing Units		4,592	30,028	80,218
--Owner-Occupied		1,547	13,254	32,626
--Renter-Occupied		2,750	14,104	40,531
Owner-Occupied Values	< 100K	38	907	2276
	100-199K	493	3682	8666
	200-299K	531	3676	9606
	300-399K	184	2096	5216
	400-499K	197	1357	2835
	500K+	103	1537	4026

Total Working Age Population		7,514	56,517	144,286
In Work Force		4,969	36,213	96,125
Not In Work Force		2,545	20,304	48,161
Workforce Employed		4,692	34,489	91,479
Workforce Unemployed		252	1,647	4,450
Civlian Workforce		4,944	36,137	95,929
Military Workforce		25	76	196

Total Households		4,297	27,358	73,157
Family Households		2,371	14,864	38,262
Non-Family Households		1,926	12,494	34,894
Married Couple		1,395	9,842	25,329
Other Family		976	5,022	12,933
Married w/Child		537	4,251	10,362
Single Male w/Child		148	471	1,459
Single Female w/Child		515	2,348	5,627

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
North Carolina	8,049,313	+18	9,535,483	+11	10,630,691	+11	11,836,070
Durham County	223,314	+20	267,587	+20	320,322	+14	366,111
Orange County	118,227	+13	133,801	+11	148,610	+10	163,699
Wake County	627,846	+44	900,993	+23	1,109,883	+20	1,328,336

Total Working Age Population:

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views

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