- For Sale $3,402,921
- Property Type Office - General Office
- Property Size 13,307 SF
- Lot Size 1.93 Acre
- Parking Spaces Avail. 66
- Parking Ratio 4.70 / 1,000 SF
- Property Tenancy Single Tenant
- Building Class B
- Year Built 1992
- Year Renovated 2022
- Date Updated Mar 13, 2024
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Attachments
Highlights
- 13,307 SF office building on 1.93 acres in MacGregor Park in Cary
- Built in 1992 and renovated in 2022
- Fully leased to a single tenant through March 31, 2027, with one five-year renewal option
- 3.0% annual lease rate escalations
- Wake County PIN 0752714355
- Flexible ORD (Office/Research Development District) zoning
- 66 parking spaces (4.7 per 1,000)
- Ingress/egress points on Mackenan Drive and Gregson Drive, which both have signalized intersections on US Hwy 64
- NOI $246,711.78 annually ($18.54 SF/yr NNN)
- Sale Price: $3,402,921 (7.25% cap rate)
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Contacts
Location
Getting Around
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Walk Score ®
17/100
Car-Dependent
-
Bike Score ®
33/100
Somewhat Bikeable
- City Cary, NC
- Neighborhood The Renaissance at Regency Estates
- Zip Code 27511
- Market Raleigh Durham
Points of Interest
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Cary
4.14 miles
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Raleigh
9.45 miles
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Zone 1: Prearranged Services
9.86 miles
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Zone 4: Limos
9.92 miles
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Circle K
1.00 miles
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Sheetz
1.04 miles
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Shell
1.21 miles
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Citgo
1.59 miles
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Costco Gasoline
1.63 miles
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BP
1.94 miles
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Exxon
2.00 miles
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Exxon
2.01 miles
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Shell
2.21 miles
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Valero
2.22 miles
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Senior Parking Lot
3.56 miles
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Town of Cary Library Parking Deck
3.86 miles
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East Cedar Street Lot
4.23 miles
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Cary Town Hall Parking Deck
4.34 miles
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Handicap Parking
4.77 miles
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Reception Area
4.78 miles
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S10K Permit
4.78 miles
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S25K Permit
4.84 miles
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S50K Permit
4.85 miles
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V00K Permit
4.86 miles
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Homewood Suites by Hilton Raleigh/Cary
0.40 miles
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Courtyard by Marriott Raleigh Cary
0.58 miles
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Extended Stay America
1.01 miles
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Extended Stay America - Raleigh - Cary - Regency Parkway North
1.13 miles
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Comfort Suites
1.22 miles
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La Quinta Inn & Suites by Wyndham Raleigh Cary
1.30 miles
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Hampton Inn Raleigh/Cary
1.35 miles
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WoodSpring Suites Raleigh Apex
2.07 miles
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Holiday Inn Express Apex-Raleigh
2.16 miles
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Candlewood Suites Apex Raleigh Area, an IHG Hotel
2.19 miles
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Dairy Queen
0.99 miles
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Sergios
1.01 miles
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La Cocina Mexican Restaurant
1.17 miles
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Wendy's
1.19 miles
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McDonald's
1.23 miles
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Lucky 32
1.23 miles
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Jersey Mike's Subs
1.25 miles
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Michelangelo's Pizza
1.26 miles
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China Chef
1.26 miles
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Schlotzsky's
1.28 miles
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Penny Road Elementary
1.20 miles
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Oak Grove Elementary
1.82 miles
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Wake Technical Community College
1.89 miles
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Apex High School
1.98 miles
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Laurel Park Elementary
2.19 miles
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Rock 'n Roll High School
2.33 miles
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Karate International
2.33 miles
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apa - Academy for the Performing Arts
2.33 miles
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Apex Middle School
2.37 miles
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Farmington Woods Elementary School
2.54 miles
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Goddard School
3.39 miles
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Leap N Learn
3.71 miles
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Just Playin' Around
3.72 miles
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The Growing Years
3.79 miles
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St. Michael Early Childhood Center
3.89 miles
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Genesis Christian Preschool
3.95 miles
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Kids R Kids
3.97 miles
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The Learning Experience
4.21 miles
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My Play Place
4.48 miles
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Preston Children's Academy
4.66 miles
Frequently Asked Questions
What is the lease rate for 201 Mackenan Drive?
Rental asking rate at 201 Mackenan Drive is $1,701,460.50/YR.
What is the total square footage of 201 Mackenan Drive?
201 Mackenan Drive totals 13,307 square feet.
When was this property built?
201 Mackenan Drive was built in 1992.
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