Vanguard
Morrisville, North Carolina
Building
Stats
- Property Type Land - Multifamily
- Size (Ac) 22.62
Overview
Multifamily development opportunity in high-growth market
- ±22.62 acres for sale
- Zoned (OI) for a variety of commercial uses or multifamily development
- Conveniently located off I-40 and Page Road, minutes from downtown Durham, RDU International Airport and Apple’s future campus
- High historical rent growth for new product as demand continues to outpace supply
- Submarket’s annual rent growth rate of 9.3% was above market-wide average of 7.7%
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Team

Steven Peden
Principal, Capital Markets | Multifamily
Avison Young - US - NC - Raleigh
+1 919 291 5650

Kyle Gonzalez

Arnold Siegmund
Principal, Landlord Representation
Avison Young - US - NC - Raleigh
+1 919 420 1573
+1 919 696 3399
+1 919 696 3399
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