Unpriced
312 S Miami Blvd
Details
Property Type Retail, Industrial
Sub Type Flex, Warehouse
Square Footage 25,668
Tenancy Single
Year Built 1965
Acreage 9.000
Parking Spaces 20 spaces
Parking Per SqFt 0.78
Investment Type Sale/Leaseback
Dock High Doors 1
312 S Miami Blvd, Durham, NC 27703
Investment highlights
- Existing 25,668 SF flex/warehouse building; Two separately surveyed parcels totaling 9 acres (6 acres and 3 acres)
- Dry sprinkler system
- One dock high door, Two 12' W X 15' H drive-in doors
- Power: 200 - 1825 AMP / 270 V 3 Phase
- Masonry construction
- Built in 1965; Original roof - Recent cost of replacement ranging $200,0000 - $300,000
- 20 existing parking spaces with rear excess acreage for excess parking and/or laydown if needed
- Total 9 acres, Existing building is situated on 3 acres surveyed separately
- Locally owned by 20+ year strong financial company in the construction business, specific to elevator contracting
- Remaining approximate six acres: Preliminarily site conceptual for an approximately 45,000+ SF of additional building square footage, whether one single large building or multiple freestanding buildings; Substantial impervious coverage potential
- Seller is open to long - term leaseback (up to 10 years) if selling to investor OR shorter term if desired
- While open to subdividing and selling the excess six acres individually/separate from existing building, ideally seeking one buyer for entire 9 - acre package (existing building, 3 acres on which it sits, and the excess 6 acres)
- Flexibility offering investment opportunity via long - term leaseback with strong credit tenant, potential owner occupancy, excess laydown, IOS, etc.; "Menu" of optionality
- Premiere Durham and RTP proximity located just off HWY 70 Interchange, Durham - 147, and all points throughout Triangle
- Exposure/visibility from HWY 70
- Ideal for industrial user seeking quasi-retail footprint, particularly if needing excess acreage
- Call regarding price structuring
- From I-95 to Mebane, this is an optimal footprint and extremely difficult to replicate whether investment, user/occupier, etc.
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Zoning
IL IndustrialLight IndustrialIndustrial Light
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