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Asking Price Contact for pricing
N/A
NOI Net Operating Income N/A
Cap Rate N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Property Description

0.57 acre infill zoned residential development opportunity in the heart of Downtown Durham

Investment Highlights

  • Jones Lang LaSalle, a North Carolina licensed real estate broker
  • (“JLL”), has been retained as the exclusive sales representative
  • for Villas On Broadway a ±0.57-acre residential development
  • opportunity in one of the Southeast’s fastest-growing metros.
  • Durham has seen a large number of startup incubators such as
  • Google Hub for Entrepreneurs, Durham Innovation District and
  • American Underground grow to help Durham claim the title of an
  • innovation and entrepreneurship hub. Durham has been dubbed,
  • “North Carolina’s hippest city” by Vogue Magazine, largely due
  • to its homegrown foodie scene with four James Beard award
  • semifinalists and large-scale adaptive reuse project, American
  • Tobacco Campus. Since 2000, more than $1.8 billion has been
  • invested into the Downtown area, as is apparent with the 820,000+
  • square feet of office space being constructed currently. Recently
  • delivered and under construction townhome developments
  • include the ELEVEN ($559,000 - $1,119,000), Geer Townhomes
  • ($875,000+), and Elliott Square ($500,000 - $569,000).
Last Updated Date: 30 Sep 2020
Sarah Godwin
Sarah Godwin
Director, Capital Markets
License details
NC-270966 SC-108916
Hunter Barron
Hunter Barron
Senior Director, Capital Markets
License details
NC-259804 SC-96951

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Last Updated Date: 30 Sep 2020

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