106,107 & 207-106,10 Mlk Jr Parkway

    Durham, NC 27707
    • $312,600
    • STATUS: Active
    • ON SITE: 293 days
    • ID#: 2153055
    UPDATED: 46 min ago
    $312,600
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1986
    County:

    School Ratings & Info

    Courtesy of Berkshire Hathaway Homeservices Ysu.




    Description

    Durham Chiropractic Center leases 2 of 3 units...#106 & #107. Unit 207 is vacant but should easily lease for a nominal $800/month or allow a user/buyer to occupy. Units are in excellent shape and are the most appealing in Madison Centre Office Condos. 2017 income is $29,445 and operating expenses are estimated at $8,633 and produces a 6.65 Cap Rate. With Unit 207 leased at $800/month, the Cap Rate increases to 9.8. Dr. Richard Essman Jr. has provided a LOI to renew the lease for 5 years beginning in 2020.

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    The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange™ Program of the Triangle MLS, Inc. of Cary. Real estate listings held by brokerage firms other than Rachel Kendall Team, LLC are marked with the Internet Data Exchange™ logo or the Internet Data Exchange™ thumbnail logo (the TMLS logo) and detailed information about them includes the name of the listing firms. Listing information is deemed reliable but not guaranteed. This web site is monitored for signs of third party scraping and any use of search facilities of data on the site, other than by potential buyers and sellers, is prohibited. Data last updated 2018-07-16T07:50:04.817.
    www.rachelkendallrealestate.com/homes/77032408

    106,107 & 207-106,10 Mlk Jr Parkway Durham, NC 27707

    • Price: $312,600
    • Status: Active
    • Updated: 46 min ago
    • ID#: 2153055
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1986
    Built
    Neighborhood:
    105 - Southwest Durham
    County:
    Durham
    Area:
    105 - Southwest Durham
    Property Description
    Durham Chiropractic Center leases 2 of 3 units...#106 & #107. Unit 207 is vacant but should easily lease for a nominal $800/month or allow a user/buyer to occupy. Units are in excellent shape and are the most appealing in Madison Centre Office Condos. 2017 income is $29,445 and operating expenses are estimated at $8,633 and produces a 6.65 Cap Rate. With Unit 207 leased at $800/month, the Cap Rate increases to 9.8. Dr. Richard Essman Jr. has provided a LOI to renew the lease for 5 years beginning in 2020.
    Exterior Features

    Foundation Description Crawl Space Lot Dimensions Na

    Interior Features

    Cooling Central Heating Central Heat Max Lease Sq Ft 0 Maximum Sq Ft Available 3000 Sprinklers None

    Property Features

    Building Name Madison Centre Cross Street University Drive For Lease No For Sale Yes Inside City Yes Lot Number 10610720 New Construction No Property Type Office/Institution Secondary Type Office Utilities ElectricityGasSewerTelephoneWater

    © 2018 Triangle MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.



    The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange™ Program of the Triangle MLS, Inc. of Cary. Real estate listings held by brokerage firms other than Rachel Kendall Team, LLC are marked with the Internet Data Exchange™ logo or the Internet Data Exchange™ thumbnail logo (the TMLS logo) and detailed information about them includes the name of the listing firms. Listing information is deemed reliable but not guaranteed. This web site is monitored for signs of third party scraping and any use of search facilities of data on the site, other than by potential buyers and sellers, is prohibited. Data last updated 2018-07-16T07:50:04.817.
     
    Rachel Kendall Team, LLC
    5316 Six Forks Rd. Suite 200
    Raleigh NC, 27609
    Courtesy of Berkshire Hathaway Homeservices Ysu.