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137 East Franklin Innovation Hub

Off-Market

137 East Franklin Street, Chapel Hill, NC 27514

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  • Property Type Office - General Office
  • Property Size 118,500 Sqft
  • Lot Size 2.33 Acre
  • Parking Spaces Avail. 1143
  • Parking Ratio 9.65/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • LEED Proposed
  • Building Class A
  • Year Built 2022

Location

  • City Chapel Hill, NC
  • Neighborhood Chapel Hill Town Center
  • Zip Code 27514
  • Market Raleigh Durham

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Arm's Length
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Chapel Hill

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Chapel Hill Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $28.60
  • 2020 Office Vacancy Rate 23.09%
  • 2020 Office Completions (Sqft)
View more Chapel Hill market trends

Tax

  • Property Tax in 2019 $300,235
  • Market Value $17,831,900
  • Assessed Value $17,831,900

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of 137 East Franklin Innovation Hub?

137 East Franklin Innovation Hub totals 118,500 square feet.

When was this property built?

137 East Franklin Innovation Hub was built in 2022.

What is the property tax for 137 East Franklin Innovation Hub?

The property tax for 137 East Franklin Innovation Hub in 2019 was $300,235.

What is the market value for 137 East Franklin Innovation Hub?

The market value for 137 East Franklin Innovation Hub in 2019 was $17,831,900.

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