Summit Center - Suite 200
Office
for Sale
| Catylist Listing ID: |
30346207 |
| Property Subtypes: |
Medical, Office Building
|
| Building Size (RSF): |
13,832 SF
|
| Sale Price: |
$1,450,000 |
| Unit Price: |
$104.83 PSF |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Building Name: |
Summit Center |
| Class of Space: |
Class A |
| Usable Size (USF): |
11,188 SF |
| Sale Terms: |
Undisclosed |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/10/2019 |
Overview / Comments
Opportunity to own a +/- 13,832 SF premier medical (or general) office condo in the heart of Wilmington’s medical community and in close proximity to historic downtown. The space available is located in the Summit Center, a Class—A three-story +/- 57,000 SF building built in 1999. Property is currently income producing with a credit tenant in place through October 2019, approximate NOI is $171,000. With options for future space subdivision or re-tenanting, this is an excellent investment opportunity.
The available space, Suite 200, features 5 physician offices, 12 exam rooms, and 12 private restrooms. The space also has a large lab and testing area, sizable waiting room, clerical room, extra workspaces, ample storage and a sizable conference room. Suite 200 was originally designed for an OBGYN practice and would be perfect for a large group medical practice or converted for a general office user.
The property has abundant surface parking and Suite 200 has 5 reserved underground parking spaces. This highly visible building is located minutes from New Hanover Regional Medical Center and within a mile radius from nearby restaurants, banks, shops and upscale neighborhoods.
Tenant in place through October 2019 with one 6 month renewal option.
|
Financials
| Finance Data Year |
2019 |
| Net Operating Income |
$171,000 (Annual) |
| Actual or Proforma Year |
Actual |
Current Tenants
| Tenant Business Name |
See Agent |
Additional Details
| Nearest MSA: |
Wilmington |
| County: |
New Hanover |
| Tax ID/APN: |
R06019-002-008-000 |
| Zoning: |
RB |
| Property Visibility: |
Excellent |
| Number of Stories: |
3 |
| Year Built: |
1999 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
6,529 |
69,416 |
132,237 |
| Median Age: |
44 |
37.56 |
36.86 |
| Households: |
2,847 |
32,184 |
57,235 |
|
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