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- LoopNet Team
501 Cascade Pointe Ln
Cary, NC 27513
Bldg V · Office Property For Sale
EXECUTIVE SUMMARY
UNDER CONTRACT Opportunity to acquire a leased office condominium within Westview at Weston, located off prominent Weston Parkway. The property is ideally situated int he heart of Cary, with convenient access to I-40, I-440, Highway 54, and the Raleigh-Durham International Airport, and surrounded by abundant amenities. The subject property is a fully occupied, 5,763 SF condominium with an existing tenant that has occupied this location since 2015 and has approximately 4.5 years remaining on the lease term. Investment Highlights 1) Modified gross lease structure 2) Long-term tenant 3) Recent leasing expansion 4) Prominent location Investment Summary Rentable Area: 5,763 SF Property: Three office condo units % Leased: 100% Tenant: Mobile Reach Lease Term: 4.5 years NOI: $91,715.79 Rent Escalator: 2%
PROPERTY FACTS
| Property Type | Office | Year Built | 2005 |
| Building Class | B | Parking Ratio | 4/1,000 SF |
| Rentable Building Area | 5,763 SF | APN / Parcel ID | |
| No. Stories | 1 | ||
| Zoning | ORDP | ||
| Property Type | Office |
| Building Class | B |
| Rentable Building Area | 5,763 SF |
| No. Stories | 1 |
| Year Built | 2005 |
| Parking Ratio | 4/1,000 SF |
| APN / Parcel ID | |
| Zoning | ORDP |
AMENITIES
- Security System
- Signage
