3508 Tricenter Boulevard

3508 Tricenter Blvd, Durham, NC, 27713-1848, US

物件概要

On behalf of Ownership, Jones Lang LaSalle Americas, Inc. ("JLL") has been retained as the exclusive sales representative for 3508 Tricenter Boulevard (the "Property"), a 272,937 square foot warehouse and distribution facility in the Raleigh-Durham, North Carolina MSA.

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特性

賃貸可能面積

25,357 ㎡

土地面積ネット

5.94 ha

竣工年

1988

改装年度

2017

メディア

投資のハイライト

IMMEDIATE VALUE-ADD OPPORTUNITY

• Compelling value creation opportunity through strategic lease-up in a strong absorption market with demonstrated tenant demand

• Rapid leasing momentum underscores a deep desire to relocate business operations to the market - in the last 36 months, the Raleigh-Durham industrial market has experienced 7.9 million square feet of positive net absorption

BELOW REPLACEMENT COST ACQUISITION

The Property is being offered below today's replacement cost, in a submarket with extremely limited opportunities for future industrial development

RECENTLY RENOVATED, VERSATILE DESIGN

• Functional design allows for multi-tenant optionality

• Reinforced concrete construction with attractive accents

• ±5,400 SF of newly renovated office space split between two separate pods

• 333'-deep rear-load with 31 dock doors serviced by 184'-deep truck court with 50' concrete apron

• ESFR sprinkler and motion-sensored LED lighting

HIGHLY-CONNECTED LOGISITICS LOCATION

• Located within two (2) miles from the I-885 connector that joins I-40 to the south and I-85 to the north, providing access to the industrial super corridor with direct access to Raleigh-Durham and the entire Southeast region

• Seamless access to major transportation thoroughfares including I-40, I-85 and I-540, connecting the Property to every corner of the Raleigh-Durham region

• Immediate connectivity to demand drivers of the Raleigh-Durham market and its dynamic economy, such as Raleigh-Durham International Airport (RDU) and Research Triangle Park (RTP), the largest scientific research park in the United States

HIGH BARRIERS-TO-ENTRY RALEIGH-DURHAM INDUSTRIAL MARKET

• Raleigh-Durham continues to bolster its position as one of the most sought-after, high-performing industrial markets in the Southeast behind robust net absorption and rent growth

• Strong continued rental rate growth due to a substantial supply-demand imbalance with asking rates increasing by 38.8% in the last 36 months (+11.5% CAGR)