Hannah Jung - Coldwell Banker Advantage
106,107 & 207 Mlk Jr Parkway #106,107 & 207
Durham, NC 27707

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.

Details

MLS#2153055
StyleIQWeb_Office Bldg
Sub-TypeResale
StatusActive
Year1986
Days On Site329

Features

Story(s)1
Units3
c:/realistiq/production/iqweb\layouts\fulldetails\mls_triangle.cfm

Loading Form

Loading Form

Area Information

StateNC
CountyDurham
CityDurham
Zip Code27707
Area105 - Southwest Durham
Listing VS Median (in 27707)
Price:
$312,600
low | high
Med:
$266,500
64.747280870122% of Average
On Site:
329
low | high
Med:
21.5
100% of Average
Listing Updated: 08/19/2018
MLS Number: 2153055
Listing Provided By:
Dexter Smith  of  Berkshire Hathaway HomeServices YSU
Information Not Guaranteed. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use.