Properties
Duke Fertility Clinic
Durham, NC
Duke Fertility Clinic
Overview
Duke Fertility Clinic is Duke University Health System’s state of the art In-Vitro Fertilization Center. The single-story, 11,924 square foot ultra-sterile fertility center, has advanced retrieval and laboratory space for the fertilization of human embryos. Duke Fertility Clinic was developed under tight VOC standards to give the best possible results for patients. Further, the suites have chemical, charcoal and Hepa filtration for the air supply of 100% fresh air.
Description
Duke Fertility Center has a 15-year triple-net lease that runs through March 2021 and occupies the entire building. The location is the main offices of the Duke Fertility Clinic with two satellite offices supporting it. As the Duke University Health System continues to expand this division, this Property will become increasingly more valuable for the University. The surrounding neighborhood is a suburban community with office and retail along the main arterials. The high quality tenancy and Duke’s commitment to the building in terms of a long-term lease and significant investment in the Property’s build-out, show this Property’s substantial importance to Duke’s long-term plans.
Results
Brickman believes it will see limited risk and stable cash flow for the future from the long-term lease and high quality tenancy.