Land

Brier Creek Industrial Sites

1205 olive branch rd Durham, North Carolina United States 27703

Asking Price Contact for pricing

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NOI Net Operating Income N/A

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Asking Price Contact for pricing

N/A

NOI Net Operating Income N/A

Cap Rate N/A

Documents

Confidentiality Agreement CA (Broker) Teaser

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Attributes

Property Description

+/- 105.62 acres, Wake County PIN 0757775868 & 0757479721

Investment Highlights

Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp., a North
Carolina licensed real estate broker (“HFF”), has been retained as the exclusive
sales representative for the Brier Creek Industrial Site a +/- 106 acre opportunity
zoned ORD (Office/Research and Development District) in Cary which allows
for industrial, office, and commercial uses. Situated 1.1 miles from the Raleigh-
Durham International Airport, 1.5 miles from I-40 access (providing a direct route
to Greensboro, Charlotte, Wilmington and Norfolk), and 2.8 miles from I-540
access, the site provides unmatched access to all of the Triangle area’s major
interstates and connection points. The site has direct access points off both
Nelson Road and Pleasant Grove Church Road, which further increase the value
of the property.
Positioned less than five miles from world-renowned Research Triangle Park
(RTP) with 50,000+ combined employees, the Brier Creek Industrial Site has
an enviable infill location near one of the metro’s major employment nodes.
Positioned near Globe Center (850,000 sf), Woodlake Center (323,000 sf),
Southport Business Park, (900,000 sf), Kitty Hawk Business Park (270,000 sf),
and Gateway Center (600,000 sf), the site is in an impressive industrial node
with very limited remaining development sites. The property is situated less than
five miles from Raleigh-Durham’s premier industrial submarket, the RTP/I-40
submarket, which commands rental rates in the mid-high $5 PSF range. The
property stands to benefit from RTP’s limited industrial inventory, explosive
economic growth, and game-changing interstate and airport access.

Last Updated Date: 04 Jun 2020

Sarah Godwin

Director, Capital Markets

License details

NC-270966 SC-108916

+84869421324

Hunter Barron

Senior Director, Capital Markets

License details

NC-259804 SC-96951

+84869421324

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Last Updated Date: 04 Jun 2020