Warehouse/Industrial Land Near Downtown Durham
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- Mark Freeman
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1 Warehouse/Industrial Land Near Downtown Durham 949 Washington Street, Durham, NC FOR SALE DURHAM Real Estate Associates is pleased to offer for sale this 36,628 sq. ft. warehouse with adjacent land just north of downtown Durham. Positioned between downtown and I-85, this property offers all of the benefits of Durham s revitalized and bustling urban core along with convenient highway access to NC-147 or I-85 and US-70 to the North. The property offers a unique opportunity to own a warehouse building in the center of Durham where industrial buildings are in extremely limited supply. The additional land offers other ancillary industrial uses to the existing building or future development opportunity in an area where buildable land is becoming scarce. BUILDING SIZE 25,708 SF warehouse 10,920 SF office (combination of open floor plan and private offices on two levels) Additional SF in mezzanine ACREAGE ± Acres (total, non-contiguous) LOCATION Central Durham, north of downtown 0.3 mile to Downtown Durham 0.8 mile to Duke University SALE PRICE Contact Broker CAREY GREENE : Mobile: cgreene@realestateassoc.com
2 SUMMARY PARCEL ID ADDRESS USE ACREAGE ZONING Washington Street 36,628 SF Warehouse ± Acres Industrial Light (IL) Rand Street Vacant Land ± Acres Industrial Light (IL) Macon Street Vacant Land ± Acres Industrial Light (IL) and Residential [RU-5(2)] Washington Street Vacant Land ± Acres Industrial Light (IL) TOTAL ± Acres AERIAL BUILDING PLAN
3 PROPERTY PHOTOS
4 ZONING Residential [RU-5(2)] Industrial Light [IL] FLOOD PLAIN TOPOGRAPHY
5 W MARKHAM AVE SITE Duke University East Campus ST N HI S WA ON GT W GEER ST W CORPORATION ST T RIGSBEE AVE ER ST FOST RIS MOR N ST ES K DU M U NG N MORGAN ST Downtown Durham MA ST
6 FLOOR PLAN & PROPERTY DETAILS 45.5 Recept / Work Space First Floor 3,528 SF 31 Open Corner Conf/ Break Kitchen Warehouse Space 25,708 SF Warehouse Utility 3' Second Floor 7,392 SF Corner Computer/ Server Storage Closet Meeting Space Open / Corner Exec. File / Storage 221' 8' 18' 66.5' 17 Rest s 8' 3 8 Open Warehouse Mezzanine Kitchenette Rest Rest Closet CEILING HEIGHTS at eave to deck 16 9 at center to deck to center beam COLUMN WIDTH 23 8 x 29 5 DOCK DOORS 7 (8 W x 8 H) DRIVE-IN DOORS 1 (20 W x 13 H) LIGHTING T-12 lighting in most of warehouse HVAC - 410u 5-ton split system heat pump, installed in 2014 Warehouse - gas heaters only ROOF Membrane (36 mil FiberTite KEE fleece-back single ply roof system) installed in 2014 over warehouse SECURITY SYSTEM Installed, including motion sensors PARKING 10 striped spaces plus additional on gravel lot CONSTRUCTION Steel frame CMU walls with brick veneer around two-level office Concrete floors WASHINGTON STREET 8' 92' Interior Loading Warehouse Mezzanine 303'
7 ABOUT DURHAM Durham, North Carolina is a city that has transformed itself from an economy based on tobacco products to one driven by health care, biopharmaceuticals, research, academia, high tech manufacturing, entrepreneurship, services and hospitality. The only reminders today of the once thriving tobacco industry are the numerous warehouse and factory buildings that still remain intact in and around Downtown Durham. These structures have been converted into loft apartments, creative office space, restaurants and shops, giving Durham a unique character and sense of place. Construction of new office buildings, apartment communities and entertainment venues such as the Durham Performing Arts Center, have added new places to work, live and enjoy culture and entertainment in the center of Durham. Duke University, consistently ranked among the nation s top universities, and its widely acclaimed medical center, employ tens of thousands in jobs associated with academia, health care and research. Duke s roughly 12,000 undergraduate and graduate school students hail from around the world. The University is located approximately one mile from the subject property. North Carolina Central University, also located nearby, has a student enrollment of over 8,000. The University has significantly increased its size over the last decade and has undergone a massive expansion of its campus. Together, the cities of Raleigh, Durham and Chapel Hill form the three points of the Research Triangle region of North Carolina, home to over 1.5 million people. At the center of the Triangle, and located almost entirely within Durham County, is the acclaimed Research Triangle Park, home to some of the world s most successful companies. IBM, GlaxoSmithKline, BASF, Bayer, DuPont, Syngenta, Cisco, EMC and Biogen Idec are among the 170 companies that reside within the 7,000 acre research park. The park employs over 40,000 people in high wage jobs. CAREY GREENE : Mobile: cgreene@realestateassoc.com
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