Catylist ID: #30765019
Net Leased Office Condo Portfolio Investment Sale - PNPC
Office for Sale
|Catylist Listing ID:||30765019|
|Property Subtypes:||Office Building, Other|
|Building Size (RSF):||15,395 SF|
|Gross Building Area:||60,000 SF|
|Gross Land Area:||3.90 Acres|
|Property Use Type:||Net Leased Investment (NNN), Investment|
|Building Name:||Porters Neck Professional Center|
|Class of Space:||Class A|
|Usable Size (USF):||15,395 SF|
|Sale Terms:||Cash to Seller|
Overview / Comments
Office Condo Portfolio Investment Sale! Four net-leased office condos for sale - available individually or a group or as a total package.
Tenant is UCG/Medac
Tenant is Friberg DDS
Tenant is PMG Research
Tenant is Samet Corporation
Porters Neck Professional Center is a premier three-story condominiumized office building totaling approximately 60,000 Square Feet.
The property is located at 8115 Market Street in the dynamic Porters Neck submarket of Wilmington, North Carolina. The property has an excellent traffic pattern with a direct right-in, right-out access from Market Street and interconnectivity with the Bayshore Commons Shopping Center, which provides accessibility to a stoplight intersection. The property is zoned B-2 and located within the New Hanover County zoning district.
Current occupants in the building include UCG/Medac, EmergeOrtho, Wilmington Ear Nose & Throat, Benjamin Friberg, DDS, Matsumoto, DDS, PMG Research, Provis Media and Samet Corporation. The building was originally constructed in 2006 with a modern and attractive design by architect, Michael Kersting. The building contains three stairwells and two elevators servicing all floors. Additionally, there are approximately 238 parking spaces available onsite. A variety of lease and/or purchase opportunities are available.
The ICAM is estimated at $3.00prsf reconciled annually. Taxes are paid separately and directly by the condo owner. Tenants reimburse operating expenses to Landlord via TICAM.
Lease details available with signed CA (attached).
Attachments & Media
|Taxing Authority:||New Hanover County|
|Tax ID/APN:||R03600-003-124-TBD (multiple)|
|Highway Access:||I-140 via Hwy 17 (half mile)|
|Airports:||ILM-Wilmington International Airport-20 minutes|
|Total Number of Buildings:||1|
|Number of Stories:||3|
|Typical SF / Floor:||20,000 SF|
|Total Parking Spaces:||238|
|Heat Source:||Heat Pump|
|Zoning Description:||B-2 in New Hanover County|
|Lot Frontage:||180 ft|
|Lot Depth:||975 ft|
|Proximity:||1 mile||3 miles||5 miles|
Cody Cress, IIIColdwell Banker Commercial Sun Coast Partners, LLC NCCMLS Member
Tyler PeggColdwell Banker Commercial Sun Coast Partners, LLC NCCMLS Member
Will DaubeColdwell Banker Commercial Sun Coast Partners, LLC NCCMLS Member
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