Catylist ID:
#30659392
| Catylist Listing ID: | 30659392 |
| Property Subtypes: | Medical, Net Leased, Office Building |
| Condo? | Yes |
| Building Size (RSF): | 11,739 SF |
| Gross Building Area: | 14,580 SF |
| Gross Land Area: | 5.37 Acres |
| Sale Price: | $1,900,000 |
| Property Use Type: | Net Leased Investment (NNN), Vacant/Owner-User |
| Building Name: | 17th Street Medical Park |
| Class of Space: | Class A |
| Usable Size (USF): | 11,739 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 11/13/2020 |
Overview / Comments
|
PRICE DROP! Partially leased medical office condo close to hospital. Beautiful office park with ample parking - this is the nicest office option so close to NHRMC - which is less than a mile away, easy to walk or drive. Ideal for owner/operator or investor interested in leasing out one to three separate/interconnected medical office suites. Also available for lease - either in its entirety or in smaller sections down to approximately 3,300 SF. Asking $18.00/SF NNN. Currently Quest Diagnostics has a short-term lease in place. One vacant unit ready for a tenant with minimal upfit. Currently, unit is demised into three separate/interconnected areas: 1) Quest Diagnostics has approx 8300 SF +/-. About 5000 SF is mostly open lab space, and; 1a) 3300 SF +/- is administrative office, reception, conference, storage being used by Wilmington Pathology Associates under Quest's lease. 2) Vacant unit demised for general medical office, approx 3400 SF +/- Condo documents require medical use. Condo fee is $1.76/SF billed quarterly. Lease details and building plans available with a signed CA. |
Attachments & Media
Additional Details
| Nearest MSA: | Wilmington |
| County: | New Hanover |
| Taxing Authority: | City of Wilmington |
| Tax ID/APN: | R05419-003-002-002 |
| Is Condo?: | Yes |
| Zoning: | O&I |
| Property Visibility: | Excellent |
| Highway Access: | Fronts S. 17th Street |
| Airports: | ILM |
| Site Description: | Level lot, mature trees, with three medical office buildings. |
| Total Number of Buildings: | 3 |
| Number of Stories: | 1 |
| Typical SF / Floor: | 15,000 SF |
| Year Built: | 2004 |
| Roof Type: | Flat |
| Construction/Siding: | Brick |
| Parking Ratio: | 6.1 (per 1000 SF) |
| Parking Type: | Surface |
| Parking Description: | Non-exclusive parking shared with condo association. Immediately adjacent to this office condo are 89 parking spaces with an approximate ratio of 6.1/1000 for the entire building, including unit 101 not offered for sale or lease as part of this listing. |
| Total Parking Spaces: | 89 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 11,253 | 66,188 | 140,828 |
| Median Age: | 41.57 | 36.12 | 36.5 |
| Households: | 5,214 | 30,908 | 60,343 |
Contact
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