120 Weston Oaks Court, Cary, NC

Property Type Office - General Office
Property Size 31,985 SF
Lot Size 5.6 Acre
Parking Spaces Avail. 127
Parking Ratio 4.00/ 1,000 SF
Property Tenancy Multi-Tenant
Building Class B
Year Built 2008

Location

Map
Street

City Cary, NC
Neighborhood Weston Pointe
Zip Code 27513
Market Raleigh Durham

Contacts

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Owner

True Owner
Registered Owner

Brokers

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Documents

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Sales

Purchase Date 14 Dec, 2018
Purchase Price
Arm's Length True
Buyer Name

Mortgages

Current Lender
Loan Origination Date

Market Trends

Average Actual Rents in Cary

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent

Net Rent

$44.3/SF/YR

Recoverables Show detailsHide details

$16.7/SF/YR

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Occupancy & Leasing Activity

Occupancy

83.5%

Lease Spread

-20.5%

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Asking Rents in Cary Office Market

Office rental rates are based on aggregated data of asking rates.

2020 Avg. Asking Rent $27.31
2020 Office Vacancy Rate 12.10%
2020 Office Completions (SF) 258,628

Cary Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

2020 Avg. Price per SF $178.77
Y-o-Y Avg. PpSF Change -2.04%
2020 Office Sales Volume $26.1M
2020 Number of Transactions 4

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Tax

Property Tax in 2021 $57,213
Market Value* $6,054,365
Assessed Value $6,054,365

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 120 Weston Oaks Court?

120 Weston Oaks Court totals 31,985 square feet.

When was this property built?

120 Weston Oaks Court was built in 2008.

When was 120 Weston Oaks Court last sold?

120 Weston Oaks Court was last sold on 14 Dec, 2018.

What is the property tax for 120 Weston Oaks Court?

The property tax for 120 Weston Oaks Court in 2021 was $57,213.

What is the market value for 120 Weston Oaks Court?

The market value* for 120 Weston Oaks Court in 2021 was $6,054,365.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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120 Weston Oaks Court, Cary, NC 27513 - Office Space

120 Weston Oaks Court is located at 120 Weston Oaks Court in the Weston Pointe neighborhood, NC, Cary, 27513. The Class B Office building was completed in 2008 and features a total of 31,985 SF.

There are 12 office spaces for lease in the Weston Pointe neighborhood, totaling 116,847 SF of available office space. The office space availability for the 27513 zip code is 375,391 SF, in 50 office spaces. The average asking office rent per SF in Weston Pointe is $30.24/SF/YR. For Class A office buildings the average office rate is $30.24/SF/YR.

In Weston Pointe, there are 3 class B office buildings. In Weston Pointe, there are a total of 2 LEED certified office buildings. In 2008, the same year 120 Weston Oaks Court was built, 10 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Cary, featuring 223,742 square feet of commercial space. At zip code level, there are 52 commercial properties, of which 39 are office buildings over 50,000 square feet.

120 Weston Oaks Court