{"id":1004413273,"date":"2020-04-09T00:25:16","date_gmt":"2020-04-09T08:25:16","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004413273"},"modified":"2020-04-09T01:17:54","modified_gmt":"2020-04-09T09:17:54","slug":"duke-health-mob-changes-hands-in-durham","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/duke-health-mob-changes-hands-in-durham\/","title":{"rendered":"Duke Health MOB Changes Hands in Durham"},"content":{"rendered":"
\"\"<\/a>

3004 Tower Blvd. Image courtesy of CBRE|Raleigh<\/em><\/p><\/div>\n

An affiliate of Urban Investment Research Corp. has completed the sale of the Duke Health Medical Office Building in Durham, N.C. A private investor purchased the single-tenant property for $5.7 million. According to public records, the asset last changed hands in September 2014 for $2.3 million.<\/p>\n

Located at 3004 Tower Blvd., the 14,915-square-foot building is fully leased to Duke University Health System Inc. The company occupies the facility on a 15-year triple-net lease and uses the space for its Duke Primary Care Pickett Road clinic. According to the Durham City-County Inspections Department, the property underwent a $2.9 million improvement program in 2018.<\/p>\n

The building is some 4 miles southwest of downtown Durham, near Highway 15-501. Several restaurants and shops are within walking distance, including South Square Shopping Center. Duke University Hospital is roughly 4 miles north.<\/p>\n

Joe Graham of CBRE|Raleigh represented the seller, while Mark Alviano of Trinity Partners assisted the buyer in the deal. Last January, a CBRE|Raleigh Capital Markets team facilitated the disposition of another Duke University-leased asset<\/a> in Durham. <\/p>\n","protected":false},"excerpt":{"rendered":"

CBRE|Raleigh facilitated the $5.7 million disposition of the fully leased, single-tenant asset.<\/p>\n","protected":false},"author":870,"featured_media":1004413291,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21754,21742,1604],"tags":[32789,33756],"class_list":["post-1004413273","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-medical-office","category-latest","category-raleigh-durham","tag-cbre","tag-trinity-partners"],"acf":[],"yoast_head":"\nDuke Health MOB Changes Hands in Durham - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/duke-health-mob-changes-hands-in-durham\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Duke Health MOB Changes Hands in Durham\" \/>\n<meta property=\"og:description\" content=\"CBRE|Raleigh facilitated the $5.7 million disposition of the fully leased, single-tenant asset.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/duke-health-mob-changes-hands-in-durham\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-09T08:25:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-09T09:17:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/3004-Tower-Blvd-e1586355734401.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adriana Marinescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/duke-health-mob-changes-hands-in-durham\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/duke-health-mob-changes-hands-in-durham\/\",\"name\":\"Duke Health MOB Changes Hands in Durham - 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