206 High House Road is a well located Class A office building in the heart of Cary, NC. This property was built in 2000 and has undergone significant renovations since the time of construction. The primary tenant in this building is Crescent State Bank, a wholly owned subsidiary of Piedmont Community Bank Holdings. The property serves as Crescent's Operations Center and board meeting area. Crescent has made measurable investment in this property.

This offering presents a strong opportunity to buy a solid office property at well under replacement cost and enjoy the current cash flow, then renew or re-tenant at market rates in the future and capture significant upside.

Location Description:

Located between downtown Cary and Preston Corners, 206 High House Road is very accessible to the entire Triangle area. Many shops, banks and restuarants within minutes either downtown or at Preston Corners.

Highlights:

>> Priced well under replacement cost

>> Significant upside opportunity with rent increases in the future

>> Great location in a solid metro area

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Sales Info:

>> Cap rate: 8.0%

>> NOI: $272000.0