For Sale
$5,625,000

5310 Alston Ave Durham, NC 27713

Class A Office, 22,649 SF, Owner/User Opportunity

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional Class A, single-story office building in Durham, NC, offers 22,649 square feet of space, currently 50% occupied by a publicly traded corporation. Built in 2002 and renovated in 2015, the property features two units with a 1.9-year remaining lease term (expiring 09/30/2026) and a 7.8-year initial lease commencement date (12/01/2018). The asking price is $5,625,000, representing a pro-forma cap rate of 7.25% and a pro-forma NOI of $407,682. The lease is NNN with a corporate guarantee and includes three rent bumps. The property boasts ample parking (4 spaces per 1,000 sq ft) and two lease options remain. This presents a unique owner-user opportunity to occupy half the building while leveraging the existing tenant income, or a strong investment opportunity for a fully leased building. The seller is open to considering 50% seller financing. The property is located at 5310 S Alston Ave, Durham, NC 27713 (APN 8644396).

Property Details for 5310 Alston Ave

Property type
Office properties
Square Feet
22,649 SF
Class
A
Year Built/Renovated
2002/2015
Buildings
1
Stories
1
Units
2

Location Insight

City
Durham
County
Durham
State
North Carolina
Latitude
35.8873965
Longitude
-78.8863064

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FAQs

What type of property is this?
Office property - Class A Office, 22,649 SF, Owner/User Opportunity
Where is the office property located?
The property is located at 5310 Alston Ave Durham, NC.
What is the asking price?
The asking price for this property is $5,625,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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(984) 244-5830

Contacts

Zachary Fisher
Zachary Fisher
Visit Broker Website

Learn more

Useful Information

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Alston Ave
Durham, NC 27713

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Alston Ave
Durham, NC 27713

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

5310 Alston Ave
  • Zachary Fisher
    Zachary Fisher
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