Investment Property -Dawson Street Urgent Care & Medical Center

Office for Sale
Catylist Listing ID: 30345379
Property Subtypes: Medical
Building Size (RSF): 6,833 SF
Gross Building Area: 7,365 SF
Gross Land Area: 0.78 Acres
Sale Price: $2,400,000
Unit Price: $351.24 PSF
Property Use Type: Investment
Building Name: Dawson Street Urgent Care & Medical Center
Class of Space: Class B
Usable Size (USF): 6,833 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 11/13/2018

Overview / Comments

This medical facility is located in a predominately residential neighborhood enjoying excellent exposure and traffic flow. Dawson Street is a main corridor in and out of the city, located 6 blocks from the Memorial bridge and one mile from downtown Wilmington.
The building was designed for medical use and contains 2 separate medical users under one Owner. Financial records available for 2016-2017-2018.
Price based on 7.5 CAP rate

Financials

Finance Data Year 2018
Actual or Proforma Year Actual

Current Tenants

Tenant Business Name Dawson Street Family Practice
Tenant Business Name Dawson Street Urgent Care

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R05409-036-001-000
Zoning: CB
Property Located Between: 6 & 7th Streets on US 76 and Business US17
Property Visibility: Excellent
Airports: ILM
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2007
Construction/Siding: Block
Parking Type: Surface
Total Parking Spaces: 30
Water Service: Municipal
Sewer Type: Municipal
Legal Description: (.77ACRES) PT LOTS 1,2,3 BLK 36 WILMINGTON

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,366 47,984 122,043
Median Age: 37.18 36.45 36.65
Households: 5,191 21,879 52,749
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