Building

Executive Summary

Avison Young is pleased to present the opportunity to acquire a 12,000-square-foot, two-story office building in Durham, North Carolina. Offered in partial shell condition with key infrastructure already in place, the property provides a unique balance of flexibility and cost efficiency. Unlike fully built-out office properties that may require extensive demolition and reconfiguration, this asset allows users and investors to customize the interior to their specific needs while benefiting from existing building systems and improvements that can help reduce development timelines and costs.

Positioned to accommodate a variety of office and medical uses, the property offers exceptional flexibility for owner-occupants, healthcare providers, and investors alike. Strong visibility, ample parking, and a layout suitable for medical conversion make the building well-suited for primary care practices, specialty medical users, dental offices, professional service firms, and technology companies seeking long-term occupancy solutions through ownership.

For investors, the property presents a compelling value-add opportunity to complete the build-out and lease space to medical or professional office tenants in one of the Triangle’s most desirable and growing submarkets. With continued demand for quality office and medical space throughout Durham, the asset offers significant potential to create long-term value through strategic redevelopment and leasing.

The combination of existing infrastructure, customization potential, and location within a strong office and healthcare market positions this property as a rare opportunity for buyers seeking flexibility, efficiency, and future upside.

Downloads

3621 Lyckan Parkway Offering Memorandum

Team

Derek Jacobs

Derek Jacobs

U.S. Healthcare Lead, Market Intelligence
Avison Young - US - NC - Raleigh
Kathy Gigac, SIOR

Kathy Gigac, SIOR

Managing Director, Occupier Solutions
Avison Young - US - NC - Raleigh

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