Contacts

Moss Withers

Lee & Associates

(919) 576-2501

Property Details

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

201 Mackenan Drive is located in MacGregor Park, a professional office park in Cary at the intersection of US 1 and US 64.Lee & Associates Raleigh-Durham is pleased to present the opportunity to acquire 201 Mackenan Drive in Cary, North Carolina. 201 Mackenan Drive is a 13,307-square-foot single-story office building located on 1.93 acres in MacGregor Park. It is 100% leased to a single tenant with a corporate guaranty in place through March 31, 2027. With major employers, retail, and residential located in close proximity, this is a prime investment opportunity in one of the top metro areas of the United States.±13,307 SF building for lease/sale on 1.93 acres in MacGregor Park.

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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)

Attachments

Cary_201 Mackenan Dr.pdf (PDF) opens in new window

Getting around

17/100
Walk Score ®
33/100
Bike Score ®

Powered by Walk Score ®

City Cary, NC
Neighborhood The Renaissance at Regency Estates
Zip Code 27511
Market Raleigh Durham

Points of Interest

Cary

4.14 miles
Raleigh

9.45 miles
Zone 1: Prearranged Services

9.86 miles
Zone 4: Limos

9.92 miles

Circle K

1.00 miles
Sheetz

1.04 miles
Shell

1.21 miles
Citgo

1.59 miles
Costco Gasoline

1.63 miles
BP

1.94 miles
Exxon

2.00 miles
Exxon

2.01 miles
Shell

2.21 miles
Valero

2.22 miles

Senior Parking Lot

3.56 miles
Town of Cary Library Parking Deck

3.86 miles
East Cedar Street Lot

4.23 miles
Cary Town Hall Parking Deck

4.34 miles
Handicap Parking

4.77 miles
Reception Area

4.78 miles
S10K Permit

4.78 miles
S25K Permit

4.84 miles
S50K Permit

4.85 miles
V00K Permit

4.86 miles

Homewood Suites by Hilton Raleigh/Cary

0.40 miles
Courtyard by Marriott Raleigh Cary

0.58 miles
Extended Stay America

1.01 miles
Extended Stay America - Raleigh - Cary - Regency Parkway North

1.13 miles
Comfort Suites

1.22 miles
La Quinta Inn & Suites by Wyndham Raleigh Cary

1.30 miles
Hampton Inn Raleigh/Cary

1.35 miles
WoodSpring Suites Raleigh Apex

2.07 miles
Holiday Inn Express Apex-Raleigh

2.16 miles
Candlewood Suites Apex Raleigh Area, an IHG Hotel

2.19 miles

Harris Teeter

1.30 miles
Walmart Supercenter

1.37 miles
Harris Teeter

1.48 miles
Whole Foods Market

1.69 miles
Publix

1.92 miles
Food Lion

1.99 miles
Lidl

2.14 miles
Harris Teeter

2.20 miles
Trader Joe's

2.34 miles
Walmart Supercenter

2.35 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

201 Mackenan Drive