704-943-2300
, Cary, NC for Sale
Office - FOR SALE
1/2
null | 10% Cap Rate

Regency Forest I & II
Cary, NC


HIGHLIGHTS

  • Value-Add Investment with Immediate Upside Potential
  • Significant Discount to Replacement Costs
  • Core, Highly Amenitized Raleigh-Durham Location

OVERVIEW

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.

ASK ABOUT THIS PROPERTY

Chris IrwinJLLMore Info
704-943-2300

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Chris IrwinJLLMore Info
704-943-2300

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