JLL is pleased to offer for sale the fee simple interest in two fully occupied Class A medical office buildings in Durham, North Carolina, both completed in 2006. Hock Plaza II, a 86,400 net rentable square foot office building located across the street from world-renowned Duke University Medical Center and the Duke Fertility Center, a 11,924 net rentable square foot medical office building located in the desirable South Square submarket of Durham.
Highly regarded Duke University Health System, Inc., rated AA / Aa2, occupies 100 percent of Duke Fertility Center and two of three floors in Hock II under long-term leases that commenced upon completion of construction. The properties are available on a fee simple basis free and clear of debt. This offering represents an exceptional prospect to acquire two properties that are essential to the future of a world-leading and dynamic academic health system.
Investment Highlights
- A total of 98,324 net rentable square feet, 100 percent occupied under long-term leases
- Duke Medicine occupies 100 percent of DFC and two-thirds of Hock II
- The Durham-Chapel Hill area boasts a low 4.7 percent unemployment rate in March 2016
- Fee simple ownership
Access the Confidentiality Agreement
Contact Information
Mindy Berman
Managing Director
+1 617 316 6539
mindy.berman@am.jll.com
Daniel Turley
Senior Vice President
+1 617 316 6521
daniel.turley@am.jll.com
Steve Leathers
Senior Vice President
+1 212 812 5867
steve.leathers@am.jll.com
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