BB&T University Plaza - 4011 & 4015 University Dr, Durham, NC, 27707

Colliers International, on behalf of the owner, is pleased to exclusively offer the opportunity to purchase 4011-4015 University Drive in Durham, NC. The subject property is approximately 48,980 square feet, which consists of a +/- 22,554 square foot, 100% leased, three-story, glass office building, and a 26,426 square foot, neighborhood retail center that is 95% leased. The office building is anchored by Branch Banking & Trust Co. (BB&T), who is an original tenant in the property since November of 1987, and has recently renewed through September of 2022 as well as the law firm of Kennon Craver, PLLC who occupies the entire third floor. Kennon Craver has been a tenant in the building since May of 2003 and has just signed on for an additional seven years through April of 2026. These tenants are excellent examples of the stability of this office building. The retail center is anchored by Neo-China, one of the most popular and successful Chinese restaurants in the area. They have been a tenant since September of 1990. The owners recently undertook several major capital expenditures, such as a new façade, on the retail center. The E-commerce resistant tenant mix provides further stability to the center and security to the future owner. The south Durham office submarket has a 0% vacancy rate since January 2019 for buildings of this class, and the south Durham retail submarket has a current vacancy rate of 1.8%.