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Regency Forest I & II 2 Office Properties in Cary, NC
Investment Highlights
- Value-Add Investment with Immediate Upside Potential
- Core, Highly Amenitized Raleigh-Durham Location
- Significant Discount to Replacement Costs
Executive Summary
Jones Lang LaSalle Americas, Inc. (“JLL”) has been retained as the exclusive sales representative for Regency Forest I & II (the “Properties”, “Assets”, “Buildings”), two office assets totaling 207,439 SF and currently 59.5% occupied with a weighted average lease term of 5.3 years. The Properties present investors with a tremendous value-add opportunity, offering stable long-term cash flow in one of the nation’s hottest office markets.
The two Assets feature well-maintained finishes throughout and have demonstrated strong recent leasing velocity, with 77,081 square feet of new leases and renewals completed in the past 24 months. Strategically located in Regency Park, the Properties are surrounded by upscale neighborhoods and are adjacent to US-1 and US-64, which provide excellent connectivity to the entire Raleigh-Durham metro area. The Properties are minutes away from hotels, restaurants, banking, and shopping centers, with amenities that meet the needs of modern-day tenants and their employees.
The two Assets feature well-maintained finishes throughout and have demonstrated strong recent leasing velocity, with 77,081 square feet of new leases and renewals completed in the past 24 months. Strategically located in Regency Park, the Properties are surrounded by upscale neighborhoods and are adjacent to US-1 and US-64, which provide excellent connectivity to the entire Raleigh-Durham metro area. The Properties are minutes away from hotels, restaurants, banking, and shopping centers, with amenities that meet the needs of modern-day tenants and their employees.
Property Facts
| Cap Rate | 10% | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 206,588 SF |
| Status | Active | Total Land Area | 41.23 AC |
| Number of Properties | 2 |
| Cap Rate | 10% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 206,588 SF |
| Total Land Area | 41.23 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Regency Forest I
100 Regency Forest Dr, Cary, NC 27518 |
Office | 103,597 SF | 1997 | - |
|
Regency Forest II
200 Regency Forest Dr, Cary, NC 27518 |
Office | 102,991 SF | 1997 | - |
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