The Courtyard of Chapel Hill
431 W Franklin St, Chapel Hill, NC, 27516-2319, US
17,874 sf
Attributes
Building area gross
75,955 sf
Occupancy
83%
Year built
2001
Land area gross
5.27 acres
WAULT
5.5 years
Asset description
2100 Gateway is a value-add, 75,955 SF multi-story office building located in Raleigh-Durham, NC. The Property benefits from immediate accessibility to the greater Raleigh-Durham market by way of immediate access to I-40, a major east-west thoroughfare, and I-540, the primary north-south connector in the region. The Asset sits directly adjacent to RDU International Airport and less than 15 minutes from Downtown Raleigh and Downtown Durham.
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Investment highlights
- 83% occupied value-add opportunity in an increasingly infill location
- 5.5 years of weighted average lease term & in-place rents 9% below market
- Surface parked at 4.4 per 1,000 SF parking ratio
- Raleigh-Durham's high growth research triangle submarket has experienced 30% rental rate growth over the past 5 years and is home to 375+ companies
- Boasts a strong, sticky STEM oriented tenant roaster
- Convenient access to nearby amenities, RDU international airport, and a talented and diverse labor pool
Media
2100 Gateway (0 Properties)
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Last updated
Mar 14, 2025