Durham County Acquires Shoppes At Hope Valley Property In Durham For $12.14M

The Shoppes at Hope Valley property, located at 3825 S Roxboro St in Durham, NC, has been sold for $12.14 million. The buyer, Durham County, plans to repurpose the property as county offices, consolidating administrative operations. The property spans 117,000 square feet, with a price per square foot of $104.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $12,140,000
• Address: 3825 S Roxboro St, Durham, NC
• Market: Durham, NC
• Buyer: Durham County
• Seller: BC Wood Properties
• Square Footage: 117,000
• Price per Square Foot: $104

Durham County's acquisition of the Shoppes at Hope Valley property was facilitated by the seller, BC Wood Properties. This transaction allows Durham County to repurpose the property to suit their needs, as they consolidate their administrative operations. This move will streamline their processes and improve efficiency within the county offices.