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%
