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29257894
29257895

2530 Meridian Pkwy, Durham, NC 27713 For Sale

CI
NC 320215
JLL - Charlotte, North Carolina
Listed by JLL - Charlotte, North Carolina
$12,000,000
184 days on market
Updated 5 days ago

2530 Meridian Parkway

Details
Property Type Office
Sub Type Traditional Office
Square Footage 102,601
Occupancy 79.3%
Price per SqFt $117
Year Built 1998
Buildings 1
Stories 4
Acreage 7.560
Parking Spaces 487 spaces
Parking per 1,000 SqFt 4.75
Investment Type Value Add
Sale Condition Bank owned foreclosure

Office | 102,601 SF | 79% Leased | 5.8 Years WALT

Marketing description

Jones Lang LaSalle Americas, Inc. (“JLL”) has been retained as the exclusive sale representative for 2530 Meridian Parkway, a 102,601 square foot office property built in 1998 in Raleigh-Durham, one of the most coveted real estate markets in the country and a leading STEM hub. Currently 79% leased, the Property is anchored by Regus and has 5.8 years of WALT.

The asset is positioned adjacent to Research Triangle Park (“RTP”), the largest dedicated scientific research park in the United States and a primary economic driver for the region, and within Meridian Corporate Center. Located along major transportation corridors with proximity to RTP, Duke University, and Raleigh-Durham International Airport, 2530 Meridian benefits from the region’s concentration of technology, pharmaceutical, and research companies that drive consistent demand for quality office space. The park’s suburban office format appeals to companies seeking cost effective alternatives to downtown Raleigh or Chapel Hill while maintaining access to the Triangle’s talent pool and business networks.

Investment highlights

  • 79.3% Occupied

  • 5.8 Years WALT

  • Significant Discount to Replacement Cost

  • Value-Add Investment with Immediate Upside Potential

  • Spec Suite Program Implemented by Current Ownership

  • High-End Onsite Amenity Space

Listing Contacts

CI
NC 320215
JLL - Charlotte, North Carolina
Listed by JLL - Charlotte, North Carolina

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Additional Information

Name
Chris Irwin
License
320215
Brokerage
JLL
Title
Associate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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