119 SW Maynard Rd - Office FOR SALE


$2,128,000 USD
919-698-8799
119 SW Maynard Rd, Cary, NC for Sale
$2,128,000 USD
Office - FOR SALE
1/8
null | 7.48% Cap Rate


HIGHLIGHTS

  • SW Maynard - 21,053 VPD & Kildaire Farm Rd - 23,312 VPD
  • 2.7 Miles from Fenton Shopping Center
  • New Renovations including Bathrooms, Lobby and Common areas

OVERVIEW

This fully occupied 14-unit office investment property in the heart of Cary, NC offers an exceptional opportunity for investors and owner-users seeking a turnkey, income-generating asset in one of the area’s most sought-after commercial hubs.(Please note: The listing photos were taken prior to current occupancy. The property is fully leased with long-term professional tenants.) Strategically positioned at the high-traffic intersection of SW Maynard Rd (21,053 VPD) & Kildaire Farm Rd (23,312 VPD), this prime location ensures consistent tenant demand, with local small businesses actively seeking space in this thriving business district. The property maintains 100% occupancy, reflecting its strong leasing history and reliable, long-term tenants. Key Highlights: • Fully Occupied with Long-Term Tenants – The building is leased to stable, professional tenants, ensuring steady and predictable rental income. • Long-Term Leases with Built-In Rent Increases – Many leases include annual rent escalations, ensuring increasing revenue and higher future cap rates. • Recent Renovations & Modern Upgrades – The entire building has been renovated in recent years, creating an updated, professional environment. • Reliable HVAC Systems – The HVAC systems have had no issues in the last four years, ensuring low maintenance costs and energy-efficient operation. • Flexible Office Layouts – Designed to accommodate various professional users, maximizing leasing stability and usability. With Cary’s strong economic growth, excellent demographics, and unbeatable accessibility to major highways and business hubs, this property represents a prime, high-performing office asset for investors seeking stable returns or owner-users looking to establish their business in a high-demand, central location.

FOR SALE DETAILS

PRICE

$2,128,000 USD

PRICE/SF

$179 USD /SF

CAP RATE

7.48%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime Cary Offices-Full Svc New Renovations

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

GC

APN/PARCEL ID

0763.10-45-1691-000

ASK ABOUT THIS PROPERTY

Graham StoreyCityPlatMore Info
919-698-8799

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Graham StoreyCityPlatMore Info
919-698-8799

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