Multi-housing / PRS

One City Center BT1

110 N Corcoran St Durham, NC United States 27701
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Key Facts

Year Built 2018
Building Area
Occupancy 46.0 %

Property Description

Newly built, core high-rise property in Durham, NC

Investment Highlights

  • Jones Lang LaSalle Americas, Inc. (“JLL”) has been retained as the exclusive sales representative for ONE CITY
  • CENTER in Durham, North Carolina. ONE CITY CENTER (or the “Property”) is a 2019 vintage 109-unit high-rise
  • apartment community located in Downtown Durham’s most coveted and walkable location, qualifying it as a
  • “Walker’s Paradise,” according to WalkScore’s 93/100 rating. The Property is a 28-story mixed-use tower.
  • ONE CITY CENTER has experienced phenomenal lease-up, achieving stabilization in 8 months, proving demand for
  • sophisticated urban amenities within Downtown Durham’s rapidly growing office market. Downtown Durham has
  • been dubbed, “North Carolina’s hippest city” by Vogue Magazine, largely due to its homegrown foodie scene with
  • four James Beard award semifinalists, large-scale adaptive reuse projects such as American Tobacco Campus,
  • and student-driven entrepreneurial culture from neighboring Duke University. Since 2000, more than $1.8 billion
  • has been invested into the 0.76 square mile Downtown area, as is apparent with the 820,000+ square feet of
  • office space being constructed currently. ONE CITY CENTER offers investors a compelling opportunity to expand
  • their footprint with a true trophy asset in ULI’s #2 US Market for Overall Real Estate Prospects (Emerging Trends
  • Report, 2020).
Jeff Glenn
Jeff Glenn
Managing Director, Capital Markets
License details
NC-136508
Allan Lynch
Allan Lynch
Senior Director, Capital Markets
License details
NC-277156

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