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Prime Cary Offices-Full Svc New Renovations 119 SW Maynard Rd 11,884 SF 100% Leased Office Building Cary, NC 27511 $2,090,000 ($175.87/SF) 7.19% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Seller is motivated and wants to make a deal
  • New Renovations including Bathrooms, Lobby and Common areas
  • Small office suites make this easy to lease up and keep occupied

EXECUTIVE SUMMARY

This fully occupied 14-unit office investment property in the heart of Cary, NC offers an exceptional opportunity for investors and owner-users seeking a turnkey, income-generating asset in one of the area’s most sought-after commercial hubs.(Please note: The listing photos were taken prior to current occupancy. The property is fully leased with long-term professional tenants.)
Strategically positioned at the high-traffic intersection of SW Maynard Rd (21,053 VPD) & Kildaire Farm Rd (23,312 VPD), this prime location ensures consistent tenant demand, with local small businesses actively seeking space in this thriving business district. The property maintains 100% occupancy, reflecting its strong leasing history and reliable, long-term tenants.
Key Highlights:
• Fully Occupied with Long-Term Tenants – The building is leased to stable, professional tenants, ensuring steady and predictable rental income.
• Long-Term Leases with Built-In Rent Increases – Many leases include annual rent escalations, ensuring increasing revenue and higher future cap rates.
• Recent Renovations & Modern Upgrades – The entire building has been renovated in recent years, creating an updated, professional environment.
• Reliable HVAC Systems – The HVAC systems have had no issues in the last four years, ensuring low maintenance costs and energy-efficient operation.
• Flexible Office Layouts – Designed to accommodate various professional users, maximizing leasing stability and usability.
With Cary’s strong economic growth, excellent demographics, and unbeatable accessibility to major highways and business hubs, this property represents a prime, high-performing office asset for investors seeking stable returns or owner-users looking to establish their business in a high-demand, central location.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Building Size
11,884 SF
Building Class
C
Year Built
1972
Price
$2,090,000
Price Per SF
$175.87
Cap Rate
7.19%
NOI
$150,253
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,942 SF
Slab To Slab
10’
Building FAR
0.56
Lot Size
0.49 AC
Opportunity Zone
Yes
Zoning
GC - General Commercial
Parking
27 Spaces (2.27 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Signage
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Edmonds Law
  • Professional, Scientific, and Technical Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • JPS Tech Solutions, LLC
  • Professional, Scientific, and Technical Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Kiertech, Inc
  • Manufacturing
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Oak City Remodeling
  • Construction
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Personal Home Care of North Carolina, LLC
  • -
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • The Clark Team - Keller Williams
  • Professional, Scientific, and Technical Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • The Silver Agency
  • Professional, Scientific, and Technical Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Health Care and Social Assistance
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

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TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Edmonds Law Professional, Scientific, and Technical Services - $9.99 Lorem Ipsum Jan 0000
JPS Tech Solutions, LLC Professional, Scientific, and Technical Services - $9.99 Lorem Ipsum Jan 0000
Kiertech, Inc Manufacturing - $9.99 Lorem Ipsum Jan 0000
Oak City Remodeling Construction - $9.99 Lorem Ipsum Jan 0000
Personal Home Care of North Carolina, LLC - - $9.99 Lorem Ipsum Jan 0000
The Clark Team - Keller Williams Professional, Scientific, and Technical Services - $9.99 Lorem Ipsum Jan 0000
The Silver Agency Professional, Scientific, and Technical Services - $9.99 Lorem Ipsum Jan 0000
Health Care and Social Assistance - $9.99 Lorem Ipsum Jan 0000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0763.10-45-1691-000
Land Assessment
$524,422
Improvements Assessment
$850,079
Total Assessment
$1,374,501
  • Listing ID: 35178311

  • Date on Market: 3/18/2025

  • Last Updated:

  • Address: 119 SW Maynard Rd, Cary, NC 27511

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