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The Station at East 54

Off-Market

1011 South Hamilton Road, Chapel Hill, NC 27517

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  • Property Type Office - Shared Space
  • Property Size 47,856 Sqft
  • Lot Size 0.93 Acre
  • Parking Spaces Avail. 133
  • Parking Ratio 2.80/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 2018

Location

  • City Chapel Hill, NC
  • Neighborhood Mason Farm Area
  • Zip Code 27517
  • Market Raleigh Durham

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 28 Jan, 2019
  • Purchase Price $19,925,000
  • Arm's Length
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination 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 $155,957
  • Market Value $9,664,600
  • Assessed Value $9,664,600

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

Frequently Asked Questions

What is the total square footage of Station at East 54, The?

Station at East 54, The totals 47,856 square feet.

When was this property built?

Station at East 54, The was built in 2018.

When was Station at East 54, The last sold?

Station at East 54, The was last sold on 28 Jan, 2019.

What was the last purchase price for Station at East 54, The?

Station at East 54, The was last sold for $19,925,000.

What is the property tax for Station at East 54, The?

The property tax for Station at East 54, The in 2019 was $155,957.

What is the market value for Station at East 54, The?

The market value for Station at East 54, The in 2019 was $9,664,600.

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