Marcus & Millichap Sells Park Terrace Retail Property In Durham, NC For $4.6M | 2223 North Carolina Highway 54 | Andrew Margulies, Harrison Creason | Retail | Sale

Summary

Sale

NORTH CAROLINA

Retail

2,255 sqft

Marcus & Millichap announced the sale of Park Terrace, a retail property spanning 24,813 square feet located at 2223 North Carolina Highway 54 in Durham, North Carolina. The property was sold for $4.6 million, with a price per square foot of $2,040.

Summary of transaction details

Property Type: Retail
Transaction Amount: $4,600,000
Square Footage: 2,255
Address: 2223 North Carolina Highway 54, Durham, NC
Market: Durham, NC
Brokers: Andrew Margulies & Harrison Creason - Marcus & Millichap

The sale of Park Terrace was facilitated by Andrew Margulies and Harrison Creason of Marcus & Millichap.

Players

All
3

Agents
2
Agencies
1

Andrew Margulies

Investment Sales Broker

$40.3M Sold

Harrison Creason

First Vice President Investments

$40.3M Sold

Marcus & Millichap

Details

Deal Summary

SOLD

IMAGE: Andrew Margulies & Harrison Creason DATE: 07/05/2023 ADDRESS: 2223 North Carolina Highway 54 MARKET: Durham, NC ASSET TYPE: Retail ~ ACRES: 2.7 BROKERS: Andrew Margulies & Harrison Creason - Marcus & Millichap SALE PRICE: $4,600,000 SF: 2,255 ~ PPSF: $2,040 NOTE: Marcus & Millichap announced the sale of Park Terrace, a retail property spanning 24,813 square feet in Durham, North Carolina. The property was sold for $4.6 million.

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Address2223 North Carolina Highway 54

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