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119 SW Maynard Rd
Cary, NC 27511
Prime Cary Offices-Full Svc New Renovations · Office Property For Sale
Executive Summary
Prime Cary Location
• 11,884 SF stand-alone building SW Maynard Rd & Kildaire Farm Rd with strong visibility and
walking amenities
• Close proximity to Downtown Cary
• Widely recognized as one of the fastest growing, most in-demand markets in North Carolina
In-Place Cash Flow with Flexibility
• Multi-tenant executive office users on short-term leases providing immediate income and
future upside
Clear Value-Add Opportunity
• Ability to drive NOI through lease-up, mark-to-market rents, tenant re-mix, or repositioning
• Ideal for owner-user, investor, or developer execution
Flexible Zoning & Multiple Uses
• Zoning supports a wide range of approved commercial uses
• 11,884 SF stand-alone building SW Maynard Rd & Kildaire Farm Rd with strong visibility and
walking amenities
• Close proximity to Downtown Cary
• Widely recognized as one of the fastest growing, most in-demand markets in North Carolina
In-Place Cash Flow with Flexibility
• Multi-tenant executive office users on short-term leases providing immediate income and
future upside
Clear Value-Add Opportunity
• Ability to drive NOI through lease-up, mark-to-market rents, tenant re-mix, or repositioning
• Ideal for owner-user, investor, or developer execution
Flexible Zoning & Multiple Uses
• Zoning supports a wide range of approved commercial uses
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
11,884 SF
Building Class
C
Year Built/Renovated
1972/2017
Price
$1,999,999
Price Per SF
$168.29
Cap Rate
7.67%
NOI
$153,400
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
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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