CALL FOR OFFERS OFFERING MEMORANDUM 7229 RUSSELL RD. DURHAM, NC
CALL FOR OFFERS
OFFERING MEMORANDUM
7229 RUSSELL RD.DURHAM, NC
COLLIERS INTERNATIONAL | 2
7229 RUSSELL ROAD
INVESTMENT OVERVIEW
PARCEL 2
PARCEL 1
PARCEL #1 > + 28 Acres> Total $280,000
PARCEL #2 > + 10 Acres > Total $100,000 ZONING > RR with M/LR-B overlay> Residential, church, schools, vet or kennel, forestry, sports facilities (skeet shooting, paintball, archery etc) and more
POSSIBLE MITIGATION LAND> http://www.durhamnc.gov/departments/works/stormwater.cfm > Owner will consider all offers!
COLLIERS INTERNATIONAL | 3
7229 RUSSELL ROAD
PARCELS2400
PARCEL 2
PARCEL 1
COLLIERS INTERNATIONAL | 4
7229 RUSSELL ROAD
LOCATION MAP | SURROUNDING AREA
PROXIMITY TO DOWNTOWN DURHAM
DOWNTOWN DURHAM DURHAM BULLS ATHLETIC PARK
> 10,000 SEAT ARENA
DURHAM PERFORMING ARTS CENTER
> 2,712 SEAT ARENA
DURH
AM
FRE
EWAY
DUKE UNIVERSITY > 14,832 TOTAL
ENROLLEMENT
A mix of history, creativity and modern flare Downtown Durham is only a 9 minute drive from Chesterfield Village at Duke.
Duirham is continually recgonized for it's diversity in it's commuities, retailers, resteraunts, events and more. Home to the Durham Bulls, Durham Performing Art Center, Carolina Theater and the Museum of Life & Science, Durham hosts close to 5,000 events a year.
CAROLINA THEATER > 13,07 SEAT ARENA
MUSEUM OF LIFE & SCIENCE
> 2 ACRES
DUKE UNIVERSITY GOLF CLUB
> 18-HOLE CHAMPIONSHIP GOLF CLUB
COLLIERS INTERNATIONAL | 5
7229 RUSSELL ROAD
EXCELLENT ACCESSIBILITY
Location Driving Distance Notes
Duke University & Duke Medical Center
18 minutes 10.1 miles
Private University, 1,717 Faculty, 35,900 Employees,
14,950 Students
Downtown Durham 20 minutes12.4 miles
20,000 Employees, Home to DPAC (2,800 Seats) and
Durham Bulls Stadium
Research Triangle Park
27 minutes 19.7 miles
55,000 Employees, 200 Companies, 7,000 Acres,
22.5M SF Office Space
RDU International Airport
34 minutes26.2 miles
9.5 million annual passengers, 40 nonstop destinations, 400
daily flights
Downtown Raleigh 50 minutes42.5 miles
NC State Capital, CBD with 40,000 employees,
COLLIERS INTERNATIONAL | 6
7229 RUSSELL ROAD
DURHAM | ACCOLADESRECENT ACCOLADES
#1 City for Business and Careers (Durham) Forbes | 2015
#2 Fastest Growing Senior Population (Raleigh) Forbes | February 2016
#2 Easiest City to Find a Job (Raleigh) Forbes | December 2015
#3 Best Place to Live (Raleigh-Durham) U.S. News | March 2016
#3 Best Private College in the United States (Duke University) USA Today | 2015
#3 Best State of Business (North Carolina) Forbes | 2014
#3 Best City for Young Families TODAY SHOW | March 2017
Top 5 Destinations to retire in the U.S. Value Penguin | Feburary 2016
#4 Top Technology Markets (Durham) ULI Emerging Trends in Real Estate | 2015
Top 5 Multifamily Investment Markets (Raleigh-Durham); National Real Estate Investor | February 2016
#21 DPAC nominated as one of the most spectacular theaters in the US Curbed | March 2017
#6 Best Small Cities for Food Lovers (Durham) The Wall Street Journal | 2015
COLLIERS INTERNATIONAL | 7
7229 RUSSELL ROAD
DURHAM | TOP EMPLOYERS
COLLIERS INTERNATIONAL | 8
7229 RUSSELL ROAD
TRIANGLE | ACCOLADES
3Tier 1 Research
Universities
12Universities and Colleges 20K
Degrees Annually #2
Most Educated City in the U.S.
#1Midsized American City of the
Future100KEnrolled Students
#1Metro for
Life Science Clusters
RTPTop Ten
CleanTech Clusters
12Municipalities
9Major
Airport Carriers RDU
40 Non-Stop
Destinations
250Parks and Outdoor
Recreation
COLLIERS INTERNATIONAL | 9
7229 RUSSELL ROAD
DURHAM | DEMOGRAPHICS
COLLIERS INTERNATIONAL | 10
7229 RUSSELL ROAD
Colliers International 702 Oberlin RoadSuite 400Raleigh, NC 27605+1 919 832 1110www.colliers.com/rdu
Annette MontgomeryAssociate Vice President919 [email protected]
OFFERING MEMORANDUM
7229 RUSSELL RD.DURHAM, NC