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

Attributes

Property Description

±46 CONTIGUOUS ACRES NORTH OF BRIER CREEK: PRIME RESIDENTIAL OPPORTUNITY IN DURHAM, NORTH CAROLINA

Investment Highlights

  • Jones Lang LaSalle, a North Carolina licensed real estate
  • broker (“JLL”), has been retained as the exclusive sales
  • representative for Olive Branch Estates (the “Property”),
  • a ±46 gross acre residential development opportunity in
  • the fast-growing, highly sought-after Brier Creek area of
  • the Triangle region. The Property is a unique offering with
  • access along Olive Branch Road – and only a 20-minute
  • drive to both the thriving Downtown Raleigh and unique
  • Downtown Durham. The immediate area has experienced
  • significant single-family growth in the past several years,
  • with successful communities such as Andrews Chapel
  • ($320,000 - $450,000+), active adult Fendol Farms
  • ($368,000 - $434,000+) and Carolina Arbors by Del Webb
  • ($260,000 - $500,000+) achieving strong pricing and
  • robust absorption.
Last Updated Date: 27 Mar 2020
Sarah Godwin
Sarah Godwin
Director, Capital Markets
License details
NC-270966 SC-108916
Hunter Barron
Hunter Barron
Senior Director, Capital Markets
License details
NC-259804 SC-96951

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Last Updated Date: 27 Mar 2020

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