MULTITENANT UILDIN OR SALE DOWNTOWN DURHAM …...THE CENTRAL PARK DISTRICT Central Park is one of...

FACT SHEET

TradeMark Properties

MULTI-TENANT BUILDING FOR SALE

206 BROADWAY STREETDURHAM, NC 27701

1001 WADE AVENUE, SUITE 300, RALEIGH, NC 27605 WWW.TRADEMARKPROPERTIES.COM

(919) 782·5552 (OFFICE)

DOWNTOWN DURHAM CENTRAL PARK DISTRICT206 BROADWAY STREET

DURHAM, NC

MARCUS JACKSON(919) 645·1428 (Direct)(919) 616·3284 (Mobile)

[email protected]

CONTACT


HISTORIC DURHAM BULLS STADIUM

FULLSTEAM BREWERY

LIBERTY WAREHOUSE APARTMENTS

ONE CITY CENTER

SITE

DURHAM CENTRAL PARKDURHAM PERFORMING ARTS CENTER

DURHAM BULLS STADIUM

AMERICAN TOBACCO CAMPUS

DURHAM INNOVATION DISTRICT

MANGUM STREET

ROXBORO STREET

“TH

E L

OO

P”

DUKE UNIVERSITY

DUKE UNIVERSITYEAST CAMPUS

W. PETTIGREW STREETDURHAM FREEWAY

MOTORCO

LITTLE FIVE POINTS

HOME OF DURTY BULL BREWINGLEASED

MULTI-TENANT BUILDINGFOR SALE

17,864 SF .79 acres

24 parking spaces





(919) 782·5552 (OFFICE)

SITE AERIAL

MA

NG

UM

STR

EET

RO

XB

OR

O S

TR

EET

DURHAM PERFORMING ARTS CENTER

DURHAM BULLS STADIUM

ONE CITY CENTER

SITE

FULLSTEAM BREWERY

LIBERTY WAREHOUSE APARTMENTS

AMERICAN TOBACCO CAMPUS

HISTORIC DURHAM BULLS STADIUM

DURHAM CENTRAL PARK

MOTORCO

RAMSEUR STREET

BLACKWELL STREET

DURHAM FREEWAY

W. PETTIGREW STREET

EE. MORGAN STREET

FO

ST

ER

ST

RE

ET

AMERICAN TOBACCO CAMPUS FUTURE PHASE

DURHAM INNOVATION DISTRICT

ONE CITY CENTER





(919) 782·5552 (OFFICE)

DOWNTOWN DURHAM

• Currently the city is building a new police headquarters and undergoing a major library renovation to total over $100 million.

• Since 2012, there have been about 3,000 new urban apartments added to the current Class A inventory of 3,971, while yet another six major projects are under construction on 1,388 additional units. Class A urban vacancy is currently at 12.5%.

• The office market totals 3.9 million SF with a current vacancy of 6.1%.

• Parking has been highly constrained, but the city has recently built a new deck near Brightleaf Square which delivered 544 spaces last year. Another deck is under construction on the border between the downtown core and the Central Park District with 664 new spaces to deliver in 2019. A third deck of 820 spaces is being planned in the Durham Innovation District, while a forth deck of 1,000 spaces is proposed in the block of E. Main Street.

• The hotel market has exploded to 716 rooms, including three prominent boutique hotels.

• Restaurants, retail shops and bars have nearly doubled since 2010 with 80 restaurants today along with 27 retail shops and 62 bars.

• A big driver of success is the Durham Bulls AAA baseball team and Polstar’s ranking of DPAC as the 4th best performing arts center in the country, and the top 5 globally, in attendance.

100+

60+

17,5002,500DOWNTOWN

EMPLOYEES

RETAILSTORES

OFFICEOCC.RATE95

%

RESTAURANTSAND BARS

NEW RESIDENTS

300+STARTUPS

INVESTMENTSINCE 2000$1.7 BILLION





(919) 782·5552 (OFFICE)

Surrounding Central Park is an amazing array of urban fabric:• To the south, less than a 5-minute walk, is the core of Downtown Durham.• To the west is the Durham Innovation District, a 15-acre master plan primarily targeted at pharma and biotech entrepreneurs. It includes

an array of historic buildings, including the headquarters for Measurement Inc. and its 400 employees. Recently a historic building was renovated and deployed as a $90 million lease for Duke University. And twin office/lab buildings totaling 320,000 SF are under construction and predominantly pre-leased.

• To the East is Little Five Points, a historic African-American mixed-use village that is starting to go through its own renaissance. • To the north is a historic residential neighborhood.

Within Central Park, there has been hyper growth that started with the Historic Durham Athletic Park, the Farmer’s Market, and a number of early entrepreneurs that started to produce street life. Recently, a new Class A apartment community called Liberty Warehouse was built and sold for about $69 million. Another 164 unit apartment community called Foster on the Park is under construction adjacent to the Farmer’s Market. A significant stock of the industrial buildings have been converted to retail and mixed-use.

The subject of this flyer, 206 Broadway, was purchased in 2015 from an owner/occupant and has been a case of exceptional asset repositioning to mixed-use with new building infrastructure in place.

THE CENTRAL PARK DISTRICT





(919) 782·5552 (OFFICE)

THE CENTRAL PARK DISTRICT

Central Park is one of seven districts in Downtown Durham and is a high energy destination for a wide range of activities, and better yet, it is rich in history, first as a tobacco warehouse district. Downtown Durham is nationally known for many reasons, one of which is the Durham Bulls minor league baseball team. Founded in 1902 as the Durham Tobacconists, the team changed their name to the Bulls in 1912 and played in the Old Durham Bulls Athletic Park from 1926 to 1995.

In 1995 Capital Broadcasting Company, the team owner, built a new stadium (shown above) in the American Tobacco complex. The Historic Durham Atlantic Park is still active in Central Park as the home for the North Carolina Central University baseball team, and was a major setting for Bull Durham, the popular movie starring Kevin Costner and Susan Sarandon.

DURHAM BULLS ATHLETIC PARK - CURRENT HOME OF THE DURHAM BULLS





(919) 782·5552 (OFFICE)

PROPERTY INFORMATION

• Durty Bull Brewing occupies 6,305 SF with a layout that includes refrigeration, production, distribution and a tasting room

• Bootstrap Brands, a dot com distributor occupies 6,059 SF in the basement, which has new electrical and HVAC

• Spin Bikes, a bike share company, is on a month to month lease in the vacant office finished out space of 5,500 SF

• A negotiation is underway for a dot com retailer to take 3,900 SF of space for distribution use. Spin Bikes will remain in the front facing 1,600 SF

• New roof, fully sprinkled on both levels with back flow preventers. HVAC is in good working order; three phase power

• Brick façade and clear heights to bottom of rafters at about thirteen feett throughout the main level

• Basement level clear height is at 11 feet

• Zoned DD-S2

SALES PRICE: $3,900,000





(919) 782·5552 (OFFICE)

FLOOR PLANS

MAIN LEVEL BASEMENT LEVEL

BR

OA

DW

AY S

TRE

ET

NORTH STREET

6,059 SF WAREHOUSE

11’ CEILING HEIGHT, SPRINKLERED

EXPLOSION PROOF ROOM

49’

83’

73’

55’

24’





(919) 782·5552 (OFFICE)

ACCOLADES

#3 Cities Where a Paycheck Stretches The FurthestForbes

#13 Best Places to Live in The U.S.U.S. News & World Report

#7 Best Sports CitiesWalletHub

#1 Best Cities for Millennials in the U.S.Growella

#4 Cities That Are Great for Women’s CareersEquities.com

#5 Best Places for Black Owned BusinessesNerdWallet

#8 Best Cities in the Nation For Working MomsRealtor.Com

#6 Best Cities for Rent and Tech JobsABODO

#1 Top 5 Destinations to Retire in the U.S. Today

#1 Most Educated City in N.C.Yahoo Finance

MULTITENANT UILDIN OR SALE DOWNTOWN DURHAM …...THE CENTRAL PARK DISTRICT Central Park is one of...

Documents

Transcript of MULTITENANT UILDIN OR SALE DOWNTOWN DURHAM …...THE CENTRAL PARK DISTRICT Central Park is one of...