30,595 SF Office Building in Westfall Park (Landfall/Mayfaire)

Office for Sale
Catylist Listing ID: 30171403
Property Subtypes: Office Building
Building Size (RSF): 30,595 SF
Sale Price: $5,354,125
Unit Price: $175 PSF
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User
Building Name: 1011 Ashes Drive
Class of Space: Class A
Usable Size (USF): 28,065 SF
Sale Terms: Cash to Seller, Other
Last Updated: 11/9/2017

Overview / Comments

Available Now - For Sale or Lease - One 30,595 SF Class A Office Building located in Westfall Park within the Landfall / Mayfaire sub-market of Wilmington, North Carolina. This two-story office building was constructed in 2000 and offers approximately 18,000 SF on the ground floor and 12,000 SF on the upper floor.

Elevator service along with an interior open stair case and two additional stairwells on opposite ends of the building provides excellent flow inside the building. The floor plan offers approximately 5,200 SF of open atrium space providing two stories of natural light and views overlooking the courtyard. This space is perfect for assembly meetings, conferences, as well as open-office/cubicle setup. Floor plan offers several multi-tenant space configurations.

Routinely operated and serviced 80kW liquid propane (LP) generator provides back up power to the building. Low maintenance exterior construction features brick masonry walls and standing seam metal roof. Excellent parking ratio of nearly 5 parks per 1,000sf or 1 park per 200sf.

Perfect for single owner-occupant or investment opportunity with multi-tenant potential. Incentive provided if property is Under Contract by December 31, 2017; inquire with listing agents for details. The sale is subject to subdivision of this building with neighboring building, 1013 Ashes Drive, currently situated on the same land tax parcel.

All showings are by appointment only, tenant is not to be disturbed.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: Wilmington
Tax ID/APN: R05100-003-069-000
Zoning: O&I-1
Property Located Between: Mayfaire and Landfall
Property Visibility: Excellent
Highway Access: Convenient Access to Highway 17, I-40, I-140, Highway 74/76 and Highway 421
Airports: Wilmington International Airport (ILM)
Area Description: The property is located within the Mayfaire and Landfall Submarket in the city limits of Wilmington, North Carolina. This area is close to Wrightsville Beach and the University of North Carolina at Wilmington (UNCW).
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 2000
Roof Type: Other
Construction/Siding: Brick
Exterior Description: Low maintenance masonry brick exterior walls with standing seam metal roof.
Parking Type: Surface
Parking Description: Surface parking with nearly 5 parks per 1,000sf or 1 park per 200sf. 220 parks total for both 1011 and 1013 Ashes Drive (47,000sf total)
Passenger Elevators: 1
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Package Unit
Zoning Description: O&I-1
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress, Utilities
Legal Description: (4.12 ACRES) LOT 42R SEC 1 WESTFALL PARK. Two buildings (1011 and 1013 Ashes Drive) are currently situated on this tax parcel. Sale offering includes 1011 Ashes Drive building, only, and is subject to subdivision.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,360 50,740 110,398
Median Age: 45.44 36.56 37.27
Households: 1,996 20,447 46,161
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