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4018 Stirrup Creek DrDurham, NC 27703
Tergus Pharma
Asset ClassHealthcare Facility
Square Feet97,000
Occupancy: 100%Weighted Average Lease Term: 15 YearsLand: 16.9 AcresAccess Data Room
Jones Lang LaSalle, a North Carolina licensed real estate broker (“JLL”), has been retained as the exclusive sales representative for 4018 Stirrup Creek (the “Property” or “Asset”), a 97,000 square foot state-of-the-art contract development and manufacturing facility for topical pharmaceuticals located in Raleigh-Durham.
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Overview

The Property is 100% leased and serves as the corporate headquarters and primary manufacturing facility for Tergus Pharma, a privately held, independent contract development and manufacturing organization (“CDMO”) with end-to-end services based in Durham, North Carolina with more than 10-years of experience in topical semi-solid and liquid drug delivery systems. Located adjacent to Research Triangle Park, the region’s premier R&D hub, 4018 Stirrup Creek is ideally positioned near a highly educated workforce, executive housing, and several other major life science users such as Eli Lilly, Syngenta, Biogen, and KBI Biopharma. The Tergus Pharma manufacturing facility provides a potential investor the opportunity to enter into a 15-year triple net (“NNN”) lease with Tergus Pharma for their state-of-the-art commercial development and manufacturing facility.

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4018 Stirrup Creek DrDurham, NC 27703
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Listing provided by Revere CRE