ParkWest Two
Office | 48,311 SqFt
Marketing description
Bryant Capital Advisors is pleased to present the exclusive offering of ParkWest Two, a ±48,311 SF single-story office asset strategically positioned along Weston Parkway in Cary, North Carolina. The property benefits from immediate access to Research Triangle Park, RDU International Airport, I-40, and NC-540, placing it within one of the Triangle's most established and highly desirable suburban office corridors.
Currently delivered substantially vacant, ParkWest Two presents a compelling opportunity for investors, owner-users, or groups pursuing a phased occupancy strategy. The asset offers efficient single-story floorplates, abundant surface parking, and existing second-generation improvements that reduce future occupancy and build-out costs while supporting flexible space configurations for a variety of office users.
The Cary and RTP markets continue to benefit from strong long-term population growth, a highly educated workforce, and continued expansion across technology, healthcare, engineering, and life science sectors. Coupled with limited comparable single-story office inventory in the submarket, ParkWest Two represents a differentiated acquisition opportunity with meaningful operational flexibility and long-term upside potential.
Projected underwriting highlights a clear path to significant NOI growth, with NOI anticipated to increase from approximately $241,000 in Year 1 to more than $822,000 by Year 5 through continued lease-up and stabilization. The offering provides investors the opportunity to acquire a well-located Cary office asset with embedded cash flow upside and multiple execution strategies within one of the Southeast's strongest growth markets.
Investment highlights
- Significant Near-Term NOI Upside
- Flexible Owner-User Opportunity
- Rare Functional Single-Story Offices Continue to Outperform in Cary
- Walkable Amenities & Affluent Cary Demographics
- Premier Cary Location Within the Raleigh-Durham Growth Corridor
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