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100 Ridgeview Dr
Cary, NC 27511

The Pinnacle Building · Office Property For Sale · 5,294 SF

Executive Summary

The property is located in a professional office park setting near the intersection of Cary Parkway and Kildaire Farm Road. Office condo and investment opportunity for sale in Cary near the intersection of Kildaire Farm Road and Cary Parkway. A single tenant is in place through October 31, 2025 with two one-year renewal options and 3.0% annual rent escalations. 7.0% cap rate - $144,137.52 NOI 5,294 RSF office condo Built in 2002 4.0 per 1,000 SF parking ratio Corner unit with ample natural light

PROPERTY FACTS

Unit Size 5,294 SF
No. Units 1
Total Building Size 5,294 SF
Property Type Office (Condo)
Sale Type Investment
Building Class B
Floors 1
Typical Floor Size 5,294 SF
Year Built 2002
Tenancy Single

1 Unit Available

Unit 100

Unit Size 5,294 SF
Condo Use Office
Sale Type Investment
Cap Rate 7.00%
NOI $206,703.29 CAD
Description

Office condo and investment opportunity for sale in Cary near the intersection of Kildaire Farm Road and Cary Parkway. A single tenant is in place through October 31, 2025 with two one-year renewal options and 3.0% annual rent escalations.

Sale Notes

7.0% cap rate - $144,137.52 NOI
5,294 RSF office condo
Built in 2002
4.0 per 1,000 SF parking ratio
Corner unit with ample natural light

100 Ridgeview Dr Unit 100 - Interior (1)
100 Ridgeview Dr Unit 100 - Interior (2)
100 Ridgeview Dr Unit 100 - Interior (3)
100 Ridgeview Dr Unit 100 - Interior (4)
100 Ridgeview Dr Unit 100 - Interior (5)

+6 More

100 Ridgeview Dr Unit 100 - Interior (6)
View Photo 100 Ridgeview Dr Unit 100 - Interior (1)
View Photo 100 Ridgeview Dr Unit 100 - Interior (2)
View Photo 100 Ridgeview Dr Unit 100 - Interior (3)
View Photo 100 Ridgeview Dr Unit 100 - Interior (4)
View Photo 100 Ridgeview Dr Unit 100 - Interior (5)
View Photo 100 Ridgeview Dr Unit 100 - Interior (6)
View Photo 100 Ridgeview Dr Unit 100 - Interior (7)
View Photo 100 Ridgeview Dr Unit 100 - Interior (9)
View Photo 100 Ridgeview Dr Unit 100 - Interior (10)
View Photo 100 Ridgeview Dr Unit 100 - Interior (11)
View Photo Cary_100 Ridgeview Dr_Unit 100 - Floor Plan

Amenities

  • 24 Hour Access
  • Conferencing Facility
  • Signage

zoning

Zoning Code OIP
OIP
  • Listing ID: 33760743

  • Date on Market: 2024-11-05

  • Last Updated:

  • Address: 100 Ridgeview Dr, Cary, NC 27511

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