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Triangle Orthopaedic Durham

Off-Market

120 William Penn Plaza, Durham, NC 27704

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  • Property Type Office - Medical Office
  • Property Size 63,148 Sqft
  • Lot Size 6.24 Acre
  • Parking Spaces Avail. 347
  • Parking Ratio 5.50/ 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class A
  • Year Built 2000

Location

  • City Durham, NC
  • Neighborhood Summer Meadow
  • Zip Code 27704
  • 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 10 May, 2019
  • 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 (Sqft) 363,540

Durham Office Sales Trends

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

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

Tax

  • Property Tax in 2020 $216,745
  • Market Value $16,927,843
  • Assessed Value $16,927,843

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

Frequently Asked Questions

What is the total square footage of Triangle Orthopaedic Durham?

Triangle Orthopaedic Durham totals 63,148 square feet.

When was this property built?

Triangle Orthopaedic Durham was built in 2000.

When was Triangle Orthopaedic Durham last sold?

Triangle Orthopaedic Durham was last sold on 10 May, 2019.

What is the property tax for Triangle Orthopaedic Durham?

The property tax for Triangle Orthopaedic Durham in 2020 was $216,745.

What is the market value for Triangle Orthopaedic Durham?

The market value for Triangle Orthopaedic Durham in 2020 was $16,927,843.

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