108 Justice Heights St - Medical FOR SALE


Apex, NC 27502- Cary Crossroads/Apex
$650,000 USD
919-482-0660
108 Justice Heights St, Apex, NC for Sale
$650,000 USD
Medical - FOR SALE
1/18
null | 6.2% Cap Rate

108 Justice Heights St
Apex, NC 27502
Cary Crossroads/Apex


HIGHLIGHTS

  • Fully leased single-tenant investment with lease term through August 2029
  • Walkable to Downtown Apex and minutes from US 64 & NC 540
  • New roof (2024) and recently renovated interior

OVERVIEW

108 Justice Heights Street is a fully leased, single-tenant office investment located within walking distance of Downtown Apex. The Property is leased through August 31, 2029 with three two-year renewal options, providing stable in-place cash flow with 3% annual rent escalations under a modified gross lease. The 1,536 SF building has been extensively renovated with modern finishes throughout, including new flooring and paint, updated lighting, and a new roof installed in 2024. These recent improvements reduce near-term capital needs while positioning the property for continued leasing success beyond the current lease term. Single-tenant investment with lease term through August 2029 Three two-year renewal options 3% annual rent increases throughout the remaining lease term Walkable to Downtown Apex and minutes from US 64 & NC 540 New roof (2024) and recently renovated interior Limited landlord responsibilities under modified gross lease Located in one of Wake County's fastest-growing markets

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$423 USD /SF

CAP RATE

6.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

OI

APN/PARCEL ID

0741.05-28-4866-000

ASK ABOUT THIS PROPERTY

Alyssa Stepusin ByrdLee & AssociatesMore Info
919-482-0660

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Alyssa Stepusin ByrdLee & AssociatesMore Info
919-482-0660

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.