160 MacGregor Pines Dr - Medical CONDO FOR SALE


Cary, NC 27511
$1,700,000 USD
919-561-3207
160 MacGregor Pines Dr, Cary, NC for Sale
$1,700,000 USD
Medical CONDO - FOR SALE
1/50
null | 7.12% Cap Rate

160 MacGregor Pines Dr
Cary, NC 27511


OVERVIEW

Medical Office Condo – Sale-Leaseback | 7.2% Cap | Physician Tenant Excellent opportunity to acquire a medical office condo in Cary's established MacGregor Medical Center, offered as a sale-leaseback with a physician tenant already in place. Investment Highlights: Price: $1,700,000 NOI: $121,000 Cap Rate: ~7.2% Sale-leaseback structure with in-place physician tenant — immediate, passive income Located within a Class A, ~33,000 SF outpatient medical office building with a prominent exterior and first-rate finishes throughout Location: Positioned just off Hwy 64 in one of the fastest-growing submarkets in the Triangle, offering excellent connectivity to Raleigh, RTP, and greater Wake County. The immediate area includes abundant shopping and retail (Lake Pine Plaza, Costco), and the building itself hosts an established roster of medical specialties, reinforcing its identity as a recognized healthcare destination. Ample on-site parking with secure, 24-hour keypad access. Ideal for 1031 exchange buyers or investors seeking stable, medical-use income backed by a proven tenant in a high-growth market. https://pocketlisting.io/cary-medical-office

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$449 USD /SF

CAP RATE

7.12%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

33,354 SF

STORIES

3

BUILDING CLASS

B

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

114

LAND DETAILS

LAND ACRES

2.72 AC

LAND SF

118,483 SF

ZONING

OIP

APN/PARCEL ID

0752.10-45-1619-000,0752.10-45-1619-003,0752.10-45-1619-010

ASK ABOUT THIS PROPERTY

Zakaria DerrarPocketlisting, LLCMore Info
919-561-3207

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Zakaria DerrarPocketlisting, LLCMore Info
919-561-3207

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