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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



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.
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
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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 |
1 1
PROPERTY TAXES
| Parcel Number | 0763.10-45-1691-000 | Improvements Assessment | $850,079 |
| Land Assessment | $524,422 | Total Assessment | $1,374,501 |
PROPERTY TAXES
Parcel Number
0763.10-45-1691-000
Land Assessment
$524,422
Improvements Assessment
$850,079
Total Assessment
$1,374,501
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Prime Cary Offices-Full Svc New Renovations | 119 SW Maynard Rd
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