CityPlat is pleased to present the opportunity to acquire Suites 160, 170 and 300 within Dawson Hall (the “Property”), located at 77 Vilcom Circle in Chapel Hill, North Carolina. The Property is comprised of three (3) office suites within three(3) office condominium units containing ±13,272 square feet, fully occupied by the University of North Carolina Health Care Systems and Edward D. Jones & Company, L.P. (the “Tenants”). With professional management already in place, this asset provides investors with long-term passive cash flow, ensured by credit-worthy parent companies.
Ideally situated in Chapel Hill 40, a ±157,000 square-foot Class A office complex, the Property is strategically located just five minutes from the University of North Carolina at Chapel Hill and provides immediate access to I-40 and NC-86, both major arteries connecting Chapel Hill to the rest of the Triangle region. The amenity-rich area affords occupants the ability to walk or bike to numerous restaurants, shops and retailers. Features such as the intimate, natural office campus setting; high-end, professional lobby finishes; security system services; showers and bike racks make the building an excellent solution for any organization’s space needs. The Property is suited for a host of professional and healthcare related service organizations, while currently other occupants of the building include Duke University Health Systems, Inc., Chapel Hill Implant and Oral Surgery Center.
Based in Chapel Hill, UNC Health Care is a not-for-profit health care system owned by the State of North Carolina with $3.6 billion in annual revenue in FY2016, and currently comprises UNC Hospitals and its provider network, the clinical programs of the UNC School of Medicine, and nine affiliate hospitals and hospital systems across the state. Within the Property, UNC Health Care will operate a number of psychology clinics including treatment for postpartem depression, children with learning disabilities, geriatric memory care, and cancer patient coping.
Initially founded in St. Louis, Missouri in 1922, Edward Jones is a financial services firm that supports individual investors and small business owners through its branch network of more than 14,000 locations in the U.S. and Canada. Currently, Edward Jones has the largest number of branch offices among brokerage firms in the United States, relationships with nearly 7 million clients, and $1 trillion in assets under management.