Office 1,500 SF +/- (8) Rooms Total in University Landing Now Leasing!

Office for Sale
Sale Pending
Also listed as Retail-Commercial
Catylist Listing ID: 30181446
Property Subtypes: Executive Suites, Net Leased, Research & Development
Status: Pending
Building Size (RSF): 1,500 SF
Gross Building Area: 35,000 SF
Sale Price: $187,500
Unit Price: $125 PSF
Ceiling: 12 ft.
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: University Landing
Class of Space: Class C
Usable Size (USF): 1,500 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/2/2018

Overview / Comments

1,500 +/- sq foot Office For Lease in University landing. Priced at $125 PSF. This U shaped strip center consists of 41 units which is walking distance to UNCW and student housing with a student base of 18,000 Students! University Landing consists of local Retail, Food & Beverage, Shopping, and professional Office users. The center offers Marquee Signage on Wilmington's main travel artery, South College Road! Traffic Count reported in 2016 was 64,576 cars per day. Uses that would thrive in this center are ones that are geared to the student population.

This 1,500 SF +/- unit has Reception/Waiting area, (7) Offices and a large office that can converted into a conference room. The office offers plenty of room for storage with custom built ins, (1) Bathroom, and a kitchenette area that are all located in the back. Dimensions of the unit is 25 x 60. Former tenant was a travel agency. Great use for this space would be an engineering firm, professional office user, security/tech support, tutor services, or research. Tenant pays Taxes, Insurance, Common Area Maintenance (TICAM) with base rent. University Landing Shopping center is managed by Cepco Management. This 1,500 SF Unit is managed by ECCRE Property Management.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: WM
Tax ID/APN: 314705.07.2726.000
Property Visibility: Good
Highway Access: 2 Miles South from Interstate 40
Airports: Wilmington International Airport - 5.7 Miles
Site Description: U Shaped Strip Center with private professional offices, local retail, and Food & Beverage users.
Area Description: Very close to UNCW, walking distance to school.
Total Number of Buildings: 3
Number of Stories: 1
Typical SF / Floor: 1,500 SF
Year Built: 1986
Year Renovated: 2000
Roof Type: Flat
Construction/Siding: Brick, Brick/Vinyl Siding
Exterior Description: Brick front with large plate glass windows
Parking Type: Surface
Parking Description: Parking for guests and customers are in the front and employee parking is located behind the unit.
Total Parking Spaces: 8
Heat Type: Electricity
Heat Source: Central, Heat Pump
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Dimensions is 25' x 60'. The space consists of (8) Individual rooms, Kitchenette, (1) Bathroom, Reception, and waiting area.
Zoning Description: Sec. 18-195. RB, Regional Business District. (a) Purpose. This district is established to accommodate large commercial facilities offering goods and services meeting the needs of the City, County and regional residents. It is designed to locate at the intersections of major thoroughfares and occur in clustered patterns. The district is intended to encourage one-stop shopping at convenient and safely accessible locations.
Lot Frontage: 25'
Lot Depth: 60'
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Legal Description: SHOP 5 UNIV LANDING II

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,239 69,804 141,920
Median Age: 24.77 34.11 36.86
Households: 4,001 30,203 61,177
© Copyright Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Cape Fear REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.