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160 MacGregor Pines Dr - MacGregor Medical Center 3,786 SF Office/Medical Condo Unit Offered at $2,000,000 in Cary, NC 27511
Investment Highlights
- Located near local amenities.
- Situated near signalized intersection.
Executive Summary
Cary’s strong demographics, proximity to major employment centers, and continued demand for office and medical office space support long-term value and tenant durability, making this an attractive investment in a core Triangle location.
Property Facts
| Total Building Size | 33,354 SF | Typical Floor Size | 11,118 SF |
| Property Type | Office (Condo) | Year Built | 2008 |
| Property Subtype | Medical | Lot Size | 2.72 AC |
| Building Class | B | Parking Ratio | 3.42/1,000 SF |
| Floors | 3 | ||
| Zoning | OIP - Medial/Office Institutional Park | ||
| Total Building Size | 33,354 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 11,118 SF |
| Year Built | 2008 |
| Lot Size | 2.72 AC |
| Parking Ratio | 3.42/1,000 SF |
| Zoning | OIP - Medial/Office Institutional Park |
Amenities
- 24 Hour Access
- Central Heating
1 Unit Available
Unit 310A
| Unit Size | 3,786 SF | Sale Type | Investment |
| Price | $2,000,000 | Cap Rate | 6.06% |
| Price Per SF | $528.26 | NOI | $121,152 |
| Condo Use | Office/Medical |
| Unit Size | 3,786 SF |
| Price | $2,000,000 |
| Price Per SF | $528.26 |
| Condo Use | Office/Medical |
| Sale Type | Investment |
| Cap Rate | 6.06% |
| NOI | $121,152 |
Description
he condominium is located within a 33,354 SF medical office building neighboring a wide mix of restaurants, retail, and residential developments. The opportunity allows an investor to acquire a stabilized medical office asset with a long term, established tenant in place while maintaining limited landlord responsibilities.
Sale Notes
RCR is pleased to present this well-located medical-office sale-leaseback investment opportunity in Cary, North Carolina, one of the Triangle’s most established and highly sought-after submarkets. The property is located within a well-known area off main thoroughfare US-64, with convenient access to US-1, I-40, and the Cary/Apex/RTP corridor. The condominium is located within a 33,354 SF medical office building neighboring a wide mix of restaurants, retail, and residential developments. The opportunity allows an investor to acquire a stabilized medical office asset with a long term, established tenant in place while maintaining limited landlord responsibilities. Cary’s strong demographics, proximity to major employment centers, and continued demand for office and medical office space support long-term value and tenant durability, making this an attractive investment in a core Triangle location.
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Major Tenant Information Click Here to Access
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Venus Spa |
-
|
Jan 0000
|
| VIVA Lending Group LLC |
-
|
Jan 0000
|
Contacts
-
Sam DiFranco CCIM, SIOR -
Dylan Heafner, CCIM, SIOR -
Conley Moretz -
Rich Commercial Realty
Presented by
160 MacGregor Pines Dr - MacGregor Medical Center
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