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.