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%
