MULTI-TENANT BUILDINGDOWNTOWN FOR DURHAMSALE - CENTRAL PARK DISTRICT 206 BROADWAY STREET 206 BROADWAYLEASED STREET HOME OF DURTY BULL BREWING DURHAM,MULTI-TENANT NC 27701 FACT SHEET BUILDING
FOR SALE DUKE UNIVERSITY
DUKE UNIVERSITY 17,864 SF EAST CAMPUS .79 acres 24 parking spaces DURHAM BULLS STADIUM
AMERICAN TOBACCO CAMPUS
DURHAM PERFORMING ARTS CENTER DURHAM CENTRAL PARK CONTACT ONE CITY CENTER DURHAM INNOVATION DISTRICT LIBERTY WAREHOUSE APARTMENTS MARCUS JACKSON HISTORIC DURHAM BULLS STADIUM (919) 645·1428DURHAM (Direct) FREEWAY (919) 616·3284 (Mobile) W. PETTIGREW STREET MOTORCO
“THE LOOP” [email protected] FULLSTEAM BREWERY SITE
MANGUM STREET
TradeMark Properties LITTLE FIVE POINTS
ROXBORO STREET
1001 WADE AVENUE, SUITE 300, RALEIGH, NC 27605 TradeMark Properties WWW.TRADEMARKPROPERTIES.COM (919) 782·5552 (OFFICE) MULTI-TENANT BUILDING FOR SALE
206 BROADWAY STREET DURHAM, NC 27701 SITE AERIAL
HISTORIC DURHAM BULLS STADIUM LIBERTY WAREHOUSE APARTMENTS MOTORCO FULLSTEAM BREWERY
SITE FOSTER STREET FOSTER DURHAM INNOVATION DISTRICT DURHAM CENTRAL PARK
ONE CITY CENTER
EE. MORGAN ST REET
RAMSEUR STREET
AMERICAN TOBACCO CAMPUS FUTURE PHASE DURHAM PERFORMING ARTS CENTER AMERICAN TOBACCO CAMPUS
W. PETTIGREW STREET
DURHAM BULLS STADIUM
BLACKWELL STREET
DURHAM FREEWAY
MANGUM STREET
ROXBORO STREET
1001 WADE AVENUE, SUITE 300, RALEIGH, NC 27605 TradeMark Properties WWW.TRADEMARKPROPERTIES.COM (919) 782·5552 (OFFICE) MULTI-TENANT BUILDING FOR SALE
206 BROADWAY STREET DURHAM, NC 27701 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 1,600 SF • A lease was just signed with GoPuff, a convenience store dot com, to take 3,900 SF for distribution use • 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 13 feet throughout the main level • Basement level clear height is at 11 feet • Zoned DD-S2
SALES PRICE: Call for Pricing
1001 WADE AVENUE, SUITE 300, RALEIGH, NC 27605 TradeMark Properties WWW.TRADEMARKPROPERTIES.COM (919) 782·5552 (OFFICE) MULTI-TENANT BUILDING FOR SALE
206 BROADWAY STREET DURHAM, NC 27701 FLOOR PLANS
MAIN LEVEL BASEMENT LEVEL
55’ EXPLOSION PROOF 24’ ROOM
6,059 SF WAREHOUSE 11’ CEILING HEIGHT, SPRINKLERED 73’ BROADWAY STREET BROADWAY
49’
BOOTSTRAP BRANDS
83’
NORTH STREET
1001 WADE AVENUE, SUITE 300, RALEIGH, NC 27605 TradeMark Properties WWW.TRADEMARKPROPERTIES.COM (919) 782·5552 (OFFICE) MULTI-TENANT BUILDING FOR SALE
206 BROADWAY STREET DURHAM, NC 27701 THE CENTRAL PARK DISTRICT
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 etailr 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.
1001 WADE AVENUE, SUITE 300, RALEIGH, NC 27605 TradeMark Properties WWW.TRADEMARKPROPERTIES.COM (919) 782·5552 (OFFICE) MULTI-TENANT BUILDING FOR SALE
206 BROADWAY STREET DURHAM, NC 27701 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.
DURHAM BULLS ATHLETIC PARK - CURRENT HOME OF THE DURHAM BULLS
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.
1001 WADE AVENUE, SUITE 300, RALEIGH, NC 27605 TradeMark Properties WWW.TRADEMARKPROPERTIES.COM (919) 782·5552 (OFFICE) MULTI-TENANT BUILDING FOR SALE
206 BROADWAY STREET DURHAM, NC 27701 DOWNTOWN DURHAM
• Currently the city is building a new police headquarters and undergoing a major library renovation to total over $100 million. RETAIL INVESTMENT • Since 2012, there have been about 3,000 new urban apartments added to the STORES current Class A inventory of 3,971, while yet another six major projects are under SINCE 2000 construction on 1,388 additional units. Class A urban vacancy is currently at 60+ $1.7 BILLION 12.5%. • The office market totals 3.9 million SF with a current vacancy of 6.1%. STARTUPS OFFICE • 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 OCC. under construction on the border between the downtown core and the Central 300+ 95% RATE 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 DOWNTOWN spaces is proposed in the block of E. Main Street. EMPLOYEES 2,500 • The hotel market has exploded to 716 rooms, including three prominent 17,500 NEW RESIDENTS boutique hotels. • Restaurants, retail shops and bars have nearly doubled since 2010 with 80 restaurants today RESTAURANTS along with 27 retail shops and 62 bars. • A big driver of success is the Durham Bulls AAA
100+ AND BARS 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.
1001 WADE AVENUE, SUITE 300, RALEIGH, NC 27605 TradeMark Properties WWW.TRADEMARKPROPERTIES.COM (919) 782·5552 (OFFICE) MULTI-TENANT BUILDING FOR SALE
206 BROADWAY STREET DURHAM, NC 27701 ACCOLADES
Best Cities for Millennials in the U.S. Top 5 Destinations to Retire in the U.S. #1 Growella #1 Today
Cities That Are Great for Women’s Careers Most Educated City in N.C. #4 Equities.com #1 Yahoo Finance
Best Sports Cities Best Cities for Rent and Tech Jobs #7 WalletHub #6 ABODO
Best Places to Live in the U.S. Best Cities in the Nation for Working Moms #13 U.S. News & World Report #8 Realtor.Com
Cities Where a Paycheck Stretches the Furthest Best Places for Black Owned Businesses #3 Forbes #5 NerdWallet
1001 WADE AVENUE, SUITE 300, RALEIGH, NC 27605 TradeMark Properties WWW.TRADEMARKPROPERTIES.COM (919) 782·5552 (OFFICE)