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Aerial Center Executive Park - 3000 Aerial Center Pkwy

Off-Market

3000 Aerial Center Pkwy, Morrisville, NC 27560

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  • Property Type Office - General Office
  • Property Size 50,901 Sqft
  • Lot Size 4.82 Acre
  • Parking Spaces Avail. 254
  • Parking Ratio 5.00/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1989

Location

  • City Morrisville, NC
  • Neighborhood Crabtree Creek
  • Zip Code 27560
  • 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 03 Apr, 2012
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Morrisville

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 Morrisville Office Market

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

  • 2020 Avg. Asking Rent $23.60
  • 2020 Office Vacancy Rate 10.81 %
  • 2020 Office Completions (Sqft) 200,000

Morrisville Office Sales Trends

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

  • 2020 Avg. Price per Sqft $207.16
  • Y-o-Y Avg. PpSF Change -16.83%
  • 2020 Office Sales Volume $636.3M
  • 2020 Number of Transactions 5
View more Morrisville market trends

Tax

  • Property Tax in 2020 $65,303
  • Market Value $6,874,072
  • Assessed Value $6,874,072

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

Frequently Asked Questions

What is the total square footage of Aerial Center Executive Park - 3000 Aerial Center Pkwy?

Aerial Center Executive Park - 3000 Aerial Center Pkwy totals 50,901 square feet.

When was this property built?

Aerial Center Executive Park - 3000 Aerial Center Pkwy was built in 1989.

When was Aerial Center Executive Park - 3000 Aerial Center Pkwy last sold?

Aerial Center Executive Park - 3000 Aerial Center Pkwy was last sold on 03 Apr, 2012.

What is the property tax for Aerial Center Executive Park - 3000 Aerial Center Pkwy?

The property tax for Aerial Center Executive Park - 3000 Aerial Center Pkwy in 2020 was $65,303.

What is the market value for Aerial Center Executive Park - 3000 Aerial Center Pkwy?

The market value for Aerial Center Executive Park - 3000 Aerial Center Pkwy in 2020 was $6,874,072.

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