1140 Kildaire Farm Rd - Office FOR SALE


Cary, NC 27511
$4,850,000 USD
919-576-2501
1140 Kildaire Farm Rd, Cary, NC for Sale
$4,850,000 USD
Office - FOR SALE
1/16
null | Request Cap Rate

1140 Kildaire Farm Rd
Cary, NC 27511


HIGHLIGHTS

  • 26,685 SF three-story office building
  • Situated at the signalized corner of Kildaire Farm Road and Commonwealth Court
  • Easy access to Downtown Cary and US 440, US 64 and US 1 Hwys
  • Ample nearby amenities, including walkable destinations

OVERVIEW

Lee & Associates Raleigh-Durham is pleased to present 1140 Kildaire Farm Road, a 26,685 SF three-story office building for sale in Cary, North Carolina. The property has 78 parking spaces and a drive-thru. The building is situated at the signalized corner of Kildaire Farm Road and Commonwealth Court within an office park setting. Kildaire Farm Road sees an average of 20,500+ vehicles per day and provides easy access to Downtown Cary and US 440, US 64 and US 1 Hwys. The building only has 2,535 SF vacant and is occupied with several small tenants on short term leases. The average lease rate is $22.30 SF/yr Full Service. This generates just under $500,000 revenue annually, and approximately $320,000 annual net operating income with estimated standard expenses. The building is priced below replacement cost, creating a unique investment opportunity for a buyer seeking upside or an owner-occupant looking to establish a visible presence in the market. The area has strong demographics and growth, making the location attractive for office users. There are also ample nearby amenities, including walkable destinations.

FOR SALE DETAILS

PRICE

$4,850,000 USD

PRICE/SF

$187 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ERA

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

78

LAND DETAILS

LAND ACRES

1.22 AC

LAND SF

53,143 SF

ZONING

OI

APN/PARCEL ID

0763.14-44-3159-000

ASK ABOUT THIS PROPERTY

Moss WithersLee & AssociatesMore Info
919-576-2501

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Moss WithersLee & AssociatesMore Info
919-576-2501

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