1600 Center Stree

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1600 Center Stree

Apex, NC 27502
Asking Price
Contact for price
Asset Type
Office
Class
Class B

What's Special

1600 Center Street is situated in the western corridor of Apex, North Carolina, a region characterized by rapid suburban development and professional services. The property is positioned near the intersection of NC Highway 55 and US-64, providing direct transit access to the wider Research Triangle area and downtown Raleigh. The immediate neighborhood features a mix of established residential communities and corporate parks. Local amenities within a two-mile radius include the Beaver Creek Commons shopping center, diverse dining options, and essential banking services. This office asset is suited for small to mid-sized professional firms seeking a satellite office or a primary headquarters in a high-growth submarket. The layout and location are optimized for tenants in the legal, financial, or medical administrative sectors. Given the proximity to surrounding residential zones and local schools, the site is an effective choice for businesses requiring a balance of professional accessibility and neighborhood convenience. The property caters to occupants who prioritize ease of commute for employees and a quiet, professional environment for client interactions.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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