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160 MacGregor Pines Dr 3,786 SF Office/Medical Condo Unit Offered at $2,352,120 CAD in Cary, NC 27511
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 7.12% |
| Sale Type | Investment |
| Cap Rate | 7.12% |
Description
This medical office condominium is located within a 33,354 SF medical office building (MacGregor Medical Center) neighboring a wide mix of restaurants, retail, and residential developments. The opportunity allows an investor to acquire a stabilized medical office asset with a long term, established tenant in place while maintaining limited landlord responsibilities.
https://pocketlisting.io/cary-medical-office
https://pocketlisting.io/cary-medical-office
Sale Notes
Medical Office Condo – Sale-Leaseback | 7.2% Cap | Physician Tenant
Excellent opportunity to acquire a medical office condo in Cary's established MacGregor Medical Center, offered as a sale-leaseback with a physician tenant already in place.
Investment Highlights:
Price: $1,700,000
NOI: $121,000
Cap Rate: ~7.2%
Sale-leaseback structure with in-place physician tenant — immediate, passive income
Located within a Class A, ~33,000 SF outpatient medical office building with a prominent exterior and first-rate finishes throughout
Location:
Positioned just off Hwy 64 in one of the fastest-growing submarkets in the Triangle, offering excellent connectivity to Raleigh, RTP, and greater Wake County. The immediate area includes abundant shopping and retail (Lake Pine Plaza, Costco), and the building itself hosts an established roster of medical specialties, reinforcing its identity as a recognized healthcare destination. Ample on-site parking with secure, 24-hour keypad access.
Ideal for 1031 exchange buyers or investors seeking stable, medical-use income backed by a proven tenant in a high-growth market.
https://pocketlisting.io/cary-medical-office
Excellent opportunity to acquire a medical office condo in Cary's established MacGregor Medical Center, offered as a sale-leaseback with a physician tenant already in place.
Investment Highlights:
Price: $1,700,000
NOI: $121,000
Cap Rate: ~7.2%
Sale-leaseback structure with in-place physician tenant — immediate, passive income
Located within a Class A, ~33,000 SF outpatient medical office building with a prominent exterior and first-rate finishes throughout
Location:
Positioned just off Hwy 64 in one of the fastest-growing submarkets in the Triangle, offering excellent connectivity to Raleigh, RTP, and greater Wake County. The immediate area includes abundant shopping and retail (Lake Pine Plaza, Costco), and the building itself hosts an established roster of medical specialties, reinforcing its identity as a recognized healthcare destination. Ample on-site parking with secure, 24-hour keypad access.
Ideal for 1031 exchange buyers or investors seeking stable, medical-use income backed by a proven tenant in a high-growth market.
https://pocketlisting.io/cary-medical-office
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 310A | 3,786 SF | Office/Medical | $2,352,120 CAD ($621.27 CAD/SF) | $167,415.60 CAD |
Unit 310A
| Unit Size |
| 3,786 SF |
| Condo Use |
| Office/Medical |
| Price |
| $2,352,120 CAD ($621.27 CAD/SF) |
| NOI |
| $167,415.60 CAD |
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Unit 310A
| Unit Size | 3,786 SF |
| Condo Use | Office/Medical |
| Price | $2,352,120 CAD ($621.27 CAD/SF) |
| NOI | $167,415.60 CAD |
| Sale Type | Investment |
| Cap Rate | 7.12% |
| Description | |
| This medical office condominium is located within a 33,354 SF medical office building (MacGregor Medical Center) neighboring a wide mix of restaurants, retail, and residential developments. The opportunity allows an investor to acquire a stabilized medical office asset with a long term, established tenant in place while maintaining limited landlord responsibilities.<br> <br> https://pocketlisting.io/cary-medical-office</li></ul> | |
| Sale Notes | |
| Medical Office Condo – Sale-Leaseback | 7.2% Cap | Physician Tenant<br> <br> Excellent opportunity to acquire a medical office condo in Cary's established MacGregor Medical Center, offered as a sale-leaseback with a physician tenant already in place.<br> <br> Investment Highlights:<br> <br> Price: $1,700,000<br> NOI: $121,000<br> Cap Rate: ~7.2%<br> Sale-leaseback structure with in-place physician tenant — immediate, passive income<br> Located within a Class A, ~33,000 SF outpatient medical office building with a prominent exterior and first-rate finishes throughout<br> <br> Location:<br> Positioned just off Hwy 64 in one of the fastest-growing submarkets in the Triangle, offering excellent connectivity to Raleigh, RTP, and greater Wake County. The immediate area includes abundant shopping and retail (Lake Pine Plaza, Costco), and the building itself hosts an established roster of medical specialties, reinforcing its identity as a recognized healthcare destination. Ample on-site parking with secure, 24-hour keypad access.<br> <br> Ideal for 1031 exchange buyers or investors seeking stable, medical-use income backed by a proven tenant in a high-growth market.<br> <br> https://pocketlisting.io/cary-medical-office</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 33,354 SF | Typical Floor Size | 11,118 SF |
| Property Type | Office (Condo) | Year Built | 2008 |
| Property Subtype | Medical | Lot Size | 2.72 AC |
| Building Class | B | Parking Ratio | 3.42/1,000 SF |
| Floors | 3 | ||
| Zoning | OIP - Medial/Office Institutional Park | ||
| Total Building Size | 33,354 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 11,118 SF |
| Year Built | 2008 |
| Lot Size | 2.72 AC |
| Parking Ratio | 3.42/1,000 SF |
| Zoning | OIP - Medial/Office Institutional Park |
Amenities
- 24 Hour Access
- Central Heating
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
20/100
NNN Tenant Information Click Here to Access
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Venus Spa |
-
|
Jan 0000
|
| VIVA Lending Group LLC |
-
|
Jan 0000
|
1 of 46
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Pocketlisting, LLC
160 MacGregor Pines Dr
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