- April 22, 2020
- Posted by: Waldon
- Categories:
Company Name | 109 Units in Durham NC |
---|---|
Contact Name | Camiren Dalrymple |
Contact Email | Email hidden; Javascript is required. |
Contact Phone | (574) 485-3371 |
Opportunity Name | 109 Units in Durham, Nc |
Location of Business | 110 Corcoran St, Durham, NC 27701 |
When was the business started? | 2019 |
What is the business most known for? | Luxury High Rise Community in Downtown |
Who is/are owner/owners? | Privately Hel |
Why sell the business? | ONE OF A KIND, INTEGRATED MIXED-USE TOWER Floors 21-27 are dedicated to owner-occupied condominiums that have established new pricing benchmarks in RaleighDurham and share residential amenities. The developers and architects put considerable effort into the design of each THE INCOMING GOOGLE CLOUD HUB |
Are you looking to recapitalize the business by selling a majority stake to aggressively take the business to next level? | Complete Sell |
Who will remain on the ownership level? | N/A |
Is the owner(s) planning to stay around? If so, what is their thinking? | No |
What is the maturity level of the business? | Post Revenue and Profitable |
EBITDA or Profit for same period | see attached |
Trailing 12 Month Revenue | see attached |
Trailing 12 Month EBITA | see attached |
Any significant debt on the business? | no |
Why did the business start? | Downtown Durham has been dubbed, “North Carolina’s hippest city” by Vogue Magazine, largely due to its homegrown |
Why did the business start? | Downtown Durham has been dubbed, “North Carolina’s hippest city” by Vogue Magazine, largely due to its homegrown |
How did business get to where it is at? | LANDMARK STATUS, |
Aggregations or Organic growth? | growth |
Any tailwinds or headwinds facing business/sector? | location |
Sector insights from owner and what the opportunity going forward with new owner might look like? | location |
What is the unique story of business -- how is it different then their competition –what makes them better/worse? | 14 | INVESTMENT HIGHLIGHTS |
Provide any additional notes, information or data that supports this opportunity | 109 Units in Durham, Nc Address: 110 Corcoran St, Durham, NC 27701 Asking Price: $57,770,000 + 2% fee Year Built: 2019 Occupancy: 98.2% One City Center is a 109 unit luxury high rise community completed in 2019. Located in Downtown Durham’s most coveted and walkable location, qualifying as a “Walker’s Paradise” (according to WalkScore’s 94/100 rating), the 28 story mixed use tower includes 22,000+ sq.ft. of retail on the ground floor to connect with the pedestrian friendly, urban setting 130,195 sq.ft. of office space on the ground floor to connect with the pedestrian friendly, urban setting 109 unparalleled multifamily rental units with skyline views 30 owner occupied condos that have established new pricing benchmarks in the Triangle 28th story amenity space including rooftop pool and clubhouse overlooking Downtown Durham Info Covering the property https://www.dropbox.com/sh/3y2ehxodbh1v02k/AAAvRyXDroKLxBE3bj_75fh0a?_hsenc=p2ANqtz-8z882vKlrs73ZiN62qCdqQq5zYXMpVG-l_XEtPjf9CrewySWAwZJ5GeY2_q7IeIRByvkL98fHBgnBVwof-fdKBYI8dD2778NvLeNTNDrIEQrz85rs&_hsmi=217459006&dl=0&preview=DURHAM%2C+NC+(S)+OM+One+City+Center+OM+(1).pdf&utm_content=217459006&utm_medium=email&utm_source=hs_email Rent Rolls https://www.dropbox.com/sh/3y2ehxodbh1v02k/AAAvRyXDroKLxBE3bj_75fh0a?_hsenc=p2ANqtz-8z882vKlrs73ZiN62qCdqQq5zYXMpVG-l_XEtPjf9CrewySWAwZJ5GeY2_q7IeIRByvkL98fHBgnBVwof-fdKBYI8dD2778NvLeNTNDrIEQrz85rs&_hsmi=217459006&dl=0&preview=DURHAM%2C+NC+RR+OCC_Rent+Roll+12.31.21.xlsx&utm_content=217459006&utm_medium=email&utm_source=hs_email - https://www.dropbox.com/sh/3y2ehxodbh1v02k/AAAvRyXDroKLxBE3bj_75fh0a?_hsenc=p2ANqtz-8z882vKlrs73ZiN62qCdqQq5zYXMpVG-l_XEtPjf9CrewySWAwZJ5GeY2_q7IeIRByvkL98fHBgnBVwof-fdKBYI8dD2778NvLeNTNDrIEQrz85rs&_hsmi=217459006&dl=0&preview=DURHAM%2C+NC+T12+OCC_T-12_12.31.21.xlsx&utm_content=217459006&utm_medium=email&utm_source=hs_email - https://www.dropbox.com/sh/3y2ehxodbh1v02k/AAAvRyXDroKLxBE3bj_75fh0a?_hsenc=p2ANqtz-8z882vKlrs73ZiN62qCdqQq5zYXMpVG-l_XEtPjf9CrewySWAwZJ5GeY2_q7IeIRByvkL98fHBgnBVwof-fdKBYI8dD2778NvLeNTNDrIEQrz85rs&_hsmi=217459006&dl=0&preview=DURHAM%2C+NC+TAX+BILL+OCC_2021+tax+bill.pdf&utm_content=217459006&utm_medium=email&utm_source=hs_email |
Financials | DURHAM-NC-RR-OCC_Rent-Roll-12.31.21.xlsx |
Date Created | January 3, 2023 |
Date Updated | January 3, 2023 |