2828 Croasdaile Drive
Office | 66,563 SqFt
Marketing description
Now available for sale or for lease, Avison Young is pleased to present 2828 Croasdaile, a three-story, multi-tenant office building containing 66,563 square feet featuring a renovated lobby and balcony space on all floors. Situated on 3.5 acres overlooking the 6th hole of Croasdaile Country Club, the building boasts exceptional visibility and seamless access to Interstate 85, connecting the property to major thoroughfares linking Durham, Chapel Hill and Raleigh. Duke Regional Hospital, Duke University and Downtown Durham are all within a ten-minute drive, while Raleigh-Durham International Airport and Research Triangle Park are conveniently accessible within twenty minutes.
Originally constructed in 1988, the brick and glass clad building is 16% leased by Corning Incorporated, a publicly traded company with a market cap of $69.8bn. Existing income from this credit tenant (S&P: BBB+) makes the property an ideal opportunity for businesses seeking a long-term home to own their own real estate or for an investor to create value through enhanced cash flows. With the entire second and third floors available (totaling 45,791 square feet) for immediate occupancy, ample parking with a ratio of 4/1,000, EV dual charging station, and building top signage branding opportunities, the property lends itself to a variety tenancies and lease-up opportunities.
Avison Young is pleased to present this 16% leased, three-story, multi-tenant office building, entire second and third floors available (totaling 45,791 square feet) for immediate occupancy. Featuring a renovated lobby and balcony space on all floors, the building boasts exceptional visibility and seamless access to Interstate 85, connecting the property to all major thoroughfares throughout the Triangle region. Existing income from a credit tenants, Corning Incorporated (S&P: BBB+), makes 2828 Croasdaile an ideal opportunity for businesses seeking a long-term home to own their own real estate or for an investor to create value through enhanced cash flows.
Investment highlights
- Move-in ready and divisible space (6,461 sf - 55,974 sf)
- Two desirable full floor opportunities (both demisable).
- One with open floor plan, large conference room, shower facilities and balconies; the other configured for offices and classrooms with demountable wall systems.
- Partially leased by Corning Incorporated (10,589 sf)
- Extensive renovations under current ownership including lobby and first floor restrooms
- Branding opportunities with building top signage
- Close proximity to Downtown Durham, Duke Regional Hospital and Duke University
- Ample parking (4.0/1,000) with EV dual charging station
- Balconies on every level
- Exceptional value-add or owner-user opportunity with current cash flow and available, move-in ready space
- Strong credit tenant in-place — Corning Incorporated (since 2022)
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