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Medical Park of Cary Redevelopment - Phase II

Off-Market

SEC Wake Medical Drive & Claude E. Pope Memorial Hwy, Cary, NC 27518

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  • Property Type Office - Medical Office
  • Property Size 75,000 SF
  • Lot Size 10.5 Acre

Location

  • City Cary, NC
  • Neighborhood Lochmere Forest East
  • Zip Code 27518
  • 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 Price
  • Arm's Length True
  • Buyer Name

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
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/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
View more Cary market trends

Tax

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Frequently Asked Questions

What is the total square footage of Medical Park of Cary Redevelopment - Phase II?

Medical Park of Cary Redevelopment - Phase II totals 75,000 square feet.

When was this property built?

Medical Park of Cary Redevelopment - Phase II was built in 1990.

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