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802 & 808 E A S T P E T T I G R E W S T R E E T | D U R H A M , N C

DESIGNING DURHAM’S FUTURE

Design Districts are intended to encourage intense development along with transit and pedestrian-oriented activity. Regulations focus on form of the private and public realm rather than use and intensity. Design Districts are intended to encompass the Downtown and Compact Neighborhood Tiers and are accommodated by the Downtown Design (DD-) and Compact Design (CD-) zoning districts.

F u t u r e L a n d U s e | D e s i g n D i s t r i c t

I t i s e s t i m a t e d t h a t D u r h a m C o u n t y

w i l l g r o w b y 2 5 , 0 0 0 p e o p l e e v e r y f i v e

y e a r s t h r o u g h 2 0 3 5 .

802 & 808E A S T P E T T I G R E W S T R E E TD U R H A M , N C

A PRIME LOCATIONFOR INNOVATION

The Durham area has been growing, and there are no signs of that stopping anytime soon. Due to the attractive qualities of the metro and the downtown environment that has been created,

the area is thriving. 802 & 808 East Pettigrew Street is well positioned amid Durham’s robust development activity and prime for capitalizing on the continued momentum.

It is estimated that Durham County will grow by 25,000 people every five years through 2035. The addition of the light rail station in Durham and the numerous new office buildings currently under

construction will help accommodate this growth. The talent pool and the diverse economy has already transformed the metro into an entrepreneurial community. In addition to the amount of

jobs available in the area, the number of new restaurants and entertainment venues in the metro bring an influx of visitors to the area. A high quality of life, a low cost of living, and a diverse culture

that offers experiences involving world class art, history, Broadway shows, sporting events, and more make downtown Durham a prime destination for all. The appeal of the city will be maintained

and enhanced with the implementation of Design Districts.

C a p i t a l i z e o n D u r h a m ’ s M o m e n t u m

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A D D R E S S802 & 808 EAST PETTIGREW STREET DURHAM, NC 27701

P I N 0831-13-13-3673 | 0831-13-13-6403

AC R E S 2.6 DEEDED ACRES

Y E A R B U I LT 1968

B U I L D I N G S I Z E 20,004 SF

PA R K I N G40 FREE SURFACE SPACES, A RATIO OF 2:1000

R OA D F R O N TAG EAPPROXIMATELY 800 FEET ALONG EAST PETTIGREW STREET

ZO N I N G IL, “INDUSTRIAL LIGHT”

THE PROPERTY DETAILS

S A L E P R I C E$$ 2 , 5 0 0 , 0 0 0

802 & 808E A S T P E T T I G R E W S T R E E TD U R H A M , N C

D u r h a m M a r k e t O v e r v i e wTHE SKY’S THE LIMIT

With a stable and diverse economy, Downtown Durham has seen considerable growth in recent years. The population of Durham’s

metro is young, with more than a third of the population between the ages of 20 and 34, but the metro population has outpaced the national average with growth in every age bracket. Overall, Durham has seen

its population increase roughly 20% in the last decade.

Major economic drivers include the medical-related industries and education systems located in Durham. Duke University, Duke Medical,

and the University of North Carolina-Chapel Hill draw people to the area, and the substantial number of healthcare, tech, and financial

jobs available in Downtown Durham keep them there. Employment growth in recent quarters has been more than triple the rate observed

nationally as Durham’s employment growth has several times exceeded 3.5% annually.

1 6 , 3 2 3 ESTIMATED 2018 POP.

1 9 , 1 3 4 ESTIMATED 2023 POP.

5 , 5 0 4 TOTAL HOUSEHOLDS

1-MI. RADIUSOF PROPERTY

2 0 1 8 P O P U L AT I O N 576,047

H O U S E H O L D S 233,119M E D I A N A N N UA L

H O U S E H O L D I N C O M E$59,713

DURHAM CO. AT A GLANCE

802 & 808E A S T P E T T I G R E W S T R E E TD U R H A M , N C

A STOP ALONG THE WAYD u r h a m - O r a n g e L i g h t R a i l P r o j e c t

The Triangle is one of the fastest-growing regions in the county. Growth brings prosperity and new employment opportunities,

but also adds congestion to our roadways. By providing a congestion-free alternative, light rail will help manage future

growth while creating vibrant, walkable communities and connecting residents to jobs, education, and healthcare.

LIGHT RAILWILL PROVIDE10-minute f requency dur ing peak t imes, 20-minute f requency dur ing of f -peak t imes

Publ ic t ranspor tat ion in a dedicated guideway, separate f rom traf f ic

18 stat ions , n ine park-and-r ide locat ions , and connect ions to other t rans i t serv ices

Rel ief to severa l bus routes that current ly serve por t ions of the corr idor , a l lowing them to be rerouted to serve other areas of the community

17.7 > Total Miles

26k > Trips Per Day

rule of 3 > 3 Major Universities > 3 Top 10 NC Employers > 3 Major Medical Facilities

A MATTEROF TIMEEngineer ing phase approved Ju ly 2018 by Federa l Trans i t Administrat ion

SITEALSTON AVENUE STATION

802 & 808E A S T P E T T I G R E W S T R E E TD U R H A M , N C

802 & 808E A S T P E T T I G R E W S T R E E TD U R H A M , N C

D u r h a m i s B o o m i n gCONTINUOUS GROWTH

To accommodate the growing workforce in Durham, there are many new office buildings currently under construction. The Durham ID project will consist of two buildings with more than 338,000 square feet of space expected to be delivered in 2018. Duke University and Duke

Clinical Research Institute will be tenants at this location.

Other projects transforming the look and feel of downtown include the 229,000 square foot building under construction at 555 South Magnum Street and the 150,000 square foot One City Center. These projects will incorporate a retail aspect to accommodate the public in addition to

the tech and life sciences workers expected to fill the offices. With the population forecast for Durham’s metro showing a positive 1.6% increase over the next 10 years, more changes can be

expected that will further transform and evolve Downtown Durham.

Durham voted # 16 of 35 cities in the US with the biggest influx of people, the most opportunities, and the hottest business growth. — Business Insider 2018

2 , 0 7 9 , 4 6 5 S F U n d e r C o n s t r u c t i o n

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( r e t a i l , o f f i c e , i n d u s t r i a l / f l e x )

S o u r c e : C o S t a r , 2 0 1 8

802 & 808E A S T P E T T I G R E W S T R E E TD U R H A M , N C

1510 EAST PETTIGREW ST

PRICE PER ACRE: $994,907SALES PRICE: $2,149,000SALE DATE: 12/28/2017BUYER: CitiSculpt

ACREAGE: 2.16

2 600 WILLARD ST

PRICE PER ACRE: $2,822,580SALES PRICE: $10,500,000SALE DATE: 11/13/2017BUYER: Alliance Residential Co.

ACREAGE: 3.72

3506 EAST RAMSEUR ST

PRICE PER ACRE: $1,302,941SALES PRICE: $2,215,000SALE DATE: 4/25/2017BUYER: Smashing Boxes

ACREAGE: 1.7

4 600 EAST MAIN ST

PRICE PER ACRE: $1,139,004SALES PRICE: $5,490,000SALE DATE: 3/23/2015BUYER: City of Durham

ACREAGE: 4.82

5925 JACKIE ROBINSON DR

PRICE PER ACRE: $636,908SALES PRICE: $11,700,000SALE DATE: 5/15/2015BUYER: Northwood Ravin

ACREAGE: 18.37

COMPARABLE SALES

PROPOSED / ACTIVEDEVELOPMENTS

A 355 MOREHEAD

B706 RAMSEUR ST

CVENABLE CENTER

380 EAST PETTIGREW ST

D DURHAM GATEWAY

1027 JACKIE ROBINSON DR

E 925 JACKIE ROBINSON DR

F 411 W CHAPEL HILL ST

G 320 ROREY ST

H 524 & 526 N MANGUM ST

NO TIME LIKE THE PRESENTB u t H o w D o e s I t C o m p a r e ?

802 & 808E A S T P E T T I G R E W S T R E E T D U R H A M , N C

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READY FOR A TOUR?

CONTACT US

S A M D I F R A N C OCCIM, S IOR , C E A

919.674.3683sdifranco@trinity-partners.com

DY L A N H E A F N E RCC IM

919.415.4394dheafner@trinity-partners.com

S A M D I F R A N C O , J RCC IM

919.674.3699 sdifrancojr@trinity-partners.com

trinity-partners.com