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Research Triangle Park - Cisco Campus 12
Off-Market
7200-12 Kit Creek Road, Morrisville, NC 27560
This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.
- Property Type Office - R&D - Office
- Property Size 207,258 SF
- Lot Size 81.65 Acre
- Parking Spaces Avail. 663
- Parking Ratio 3.20/ 1,000 SF
- Property Tenancy Owner Occupied
- Building Class A
- Year Built 2001
False
Location
- City Morrisville, NC
- Neighborhood Kitts Creek
- Zip Code 27560
- Market Raleigh Durham
Contacts
Find property contacts with verified and updated contact information on CommercialEdge: owners, building management, representatives from permits and tenants.
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 |
This is a preview. The total list of tenants and suites, along with other lease information, for this property is available on CommercialEdge
Brokers
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Documents
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Sales
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.
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 (SF) 200,000
Morrisville Office Sales Trends
All sale prices are based on publicly recorded, verified sales.
- 2020 Avg. Price per SF $207.16
- Y-o-Y Avg. PpSF Change -16.83%
- 2020 Office Sales Volume $636.3M
- 2020 Number of Transactions 5
Tax
- Property Tax in 2021 $2,689,665
- Market Value* $344,519,757
- Assessed Value $344,519,757
Find more tax info, including assessment history and abatements, on CommercialEdge
*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.
Frequently Asked Questions
What is the total square footage of Research Triangle Park - Cisco Campus 12?
Research Triangle Park - Cisco Campus 12 totals 207,258 square feet.
When was this property built?
Research Triangle Park - Cisco Campus 12 was built in 2001.
What is the property tax for Research Triangle Park - Cisco Campus 12?
The property tax for Research Triangle Park - Cisco Campus 12 in 2021 was $2,689,665.
What is the market value for Research Triangle Park - Cisco Campus 12?
The market value* for Research Triangle Park - Cisco Campus 12 in 2021 was $344,519,757.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.
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Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.
