201 Mackenan Drive Listing Details & Market Data

201 Mackenan Drive, Cary, NC 27511

  • 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
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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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)

Contacts

broker

Moss Withers

Lee & Associates

(919) 576-2501

Location

Getting Around

  • Walk Score ®

    Car-Dependent (17)

  • Bike Score ®

    Somewhat Bikeable (33)
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  • 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

  • Dairy Queen

    0.99 miles

  • Sergios

    1.01 miles

  • La Cocina Mexican Restaurant

    1.17 miles

  • Wendy's

    1.19 miles

  • McDonald's

    1.23 miles

  • Lucky 32

    1.23 miles

  • Jersey Mike's Subs

    1.25 miles

  • Michelangelo's Pizza

    1.26 miles

  • China Chef

    1.26 miles

  • Schlotzsky's

    1.28 miles

  • Penny Road Elementary

    1.20 miles

  • Oak Grove Elementary

    1.82 miles

  • Wake Technical Community College

    1.89 miles

  • Apex High School

    1.98 miles

  • Laurel Park Elementary

    2.19 miles

  • Rock 'n Roll High School

    2.33 miles

  • Karate International

    2.33 miles

  • apa - Academy for the Performing Arts

    2.33 miles

  • Apex Middle School

    2.37 miles

  • Farmington Woods Elementary School

    2.54 miles

  • Goddard School

    3.39 miles

  • Leap N Learn

    3.71 miles

  • Just Playin' Around

    3.72 miles

  • The Growing Years

    3.79 miles

  • St. Michael Early Childhood Center

    3.89 miles

  • Genesis Christian Preschool

    3.95 miles

  • Kids R Kids

    3.97 miles

  • The Learning Experience

    4.21 miles

  • My Play Place

    4.48 miles

  • Preston Children's Academy

    4.66 miles

Contact Listing Broker

broker

Moss Withers

Lee & Associates

(919) 576-2501