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Fayetteville Road Office Park II

Off-Market

6224 Fayetteville Road, Durham, NC 27713

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  • Property Type Office - Medical Office
  • Property Size 36,864 SF
  • Lot Size 3.9 Acre
  • Parking Spaces Avail. 147
  • Parking Ratio 4.00/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 2001

Location

  • City Durham, NC
  • Neighborhood Folkestone
  • Zip Code 27713
  • Market Raleigh Durham

Contacts

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Owner

  • True Owner

Brokers

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Documents

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Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Durham

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 Durham Office Market

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

  • 2020 Avg. Asking Rent $25.76
  • 2020 Office Vacancy Rate 15.82%
  • 2020 Office Completions (SF) 363,540

Durham Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per SF $301.74
  • 2020 Office Sales Volume $922.6M
  • 2020 Number of Transactions 9
View more Durham market trends

Tax

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Frequently Asked Questions

What is the total square footage of Fayetteville Road Office Park II?

Fayetteville Road Office Park II totals 36,864 square feet.

When was this property built?

Fayetteville Road Office Park II was built in 2001.

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