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2001 Evans Road

Vigilant Real Estate Holdings Acquires Mixed-use Asset In Cary From Alloy Properties For $58.3M
SOLDMixed-use

Vigilant Real Estate Holdings Acquires Mixed-use Asset In Cary From Alloy Properties For $58.3M

2001 Evans Road

$58,300,000

$222/SF

Building Size

262,400 SF

Asset Type

Mixed-use

Closing

Mar 13, 2026

AI

The property asset involved in this transaction is a mixed-use facility located at 2001 Evans Road in Cary, NC. The sale took place for a total price of $58,300,000, translating to a price per square foot of $222. The asset covers an area of 23 acres and consists of 262,400 square feet of space.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $58,300,000
  • Address: 2001 Evans Road
  • Market: Cary, NC
  • Square Footage: 262,400
  • Price per Square Foot: $222
  • Buyer: Vigilant Real Estate Holdings
  • Seller: Alloy Properties

Vigilant Real Estate Holdings acquired the property from Alloy Properties, indicating a strategic investment in the Cary market. This transaction underscores the active interest in mixed-use developments within this region.

Players

VH
Vigilant Real Estate HoldingsBuyer

Cary Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.27%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93