Northmarq brokers sale of industrial facility leased to UNC Hospitals

DURHAM, N.C. — Northmarq has completed the sale of a mission-critical industrial facility fully leased to University of North Carolina (UNC) Hospitals — an investment-grade tenant backed by the state of North Carolina.

Chris Adams, vice president of Northmarq’s Commercial Investment Sales team, led the transaction on behalf of the seller, a Vermont-based developer. The buyer is a San Francisco-based investment firm.

Located at 4400 Emperor Boulevard in Durham, the 189,335-sq.-ft. facility sits adjacent to the Research Triangle Park, a globally recognized center for research and development. The property is 100% triple net leased to UNC Hospitals, which uses the site as a 24/7 distribution and administrative hub for its regional healthcare network.

“This is a coveted asset, which we knew prior to going to market,” Adams said. “We ran a controlled marketing process aimed at creating a competitive market with maximum efficiency. The offering generated multiple qualified offers and closed within 100 days of marketing.”

The facility’s exceptional location, long-term tenant commitment, institutional-quality construction and proximity to major transportation routes make it a premier asset in a high-demand market.