1638 Military Cutoff / Sage Island Headquarters

Office for Sale
Catylist Listing ID: 30632924
Property Subtypes: Executive Suites, Governmental, High-Tech, Institutional, Medical, Flex Space, Office Building, Research & Development, Other
Building Size (RSF): 7,599 SF
Sale Price: $1,750,000
Unit Price: $230.29 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Sage Island
Class of Space: Class B
Usable Size (USF): 7,599 SF
Sale Terms: Cash to Seller, Sale/Leaseback, Other
Cap Rate: Undisclosed
Last Updated: 1/14/2021

Overview / Comments

Location! Location! Location! Feast your eyes on 1638 Military Cutoff Rd. This beautiful free-standing office building is being offered for sale and for lease. 7599 total sq ft on .61 acres. Enjoy over 130 feet of road frontage on Military Cut off rd with approx 40k car traffic count per day! Situated just a few miles from the sands of Wrightsville Beach and Mayfaire this part of Wilmington has become the premier professional office headquarter district in Wilmington. Divided into 2 units ( First floor / 2nd Floor ). The first-floor layout welcomes you into a large reception area with front desk greeting partition. Large conference rooms, private offices, bullpen open area, and dedicated kitchenette/bathrooms. The recent addition of garage/flex workspace creates a unique area for a multitude of uses. Premium build out showcases lots of glass and wood decor with solid core doors and plenty of natural light. The 2nd-floor suite has a private entrance and offers a kitchenette, 2 bathrooms, multiple private offices, a conference room, and a large bullpen. You can combine both suites for almost 8000 sq ft of workspace or keep them separate and lease/purchase to suit your needs as an investor or owner occupant. Enjoy lunch or your coffee break in the private courtyard outback or hop in the car just a few doors down for some of Wilmington's best dining establishments. Current ownership is open to discussing specific needs and buildout for the right tenant. Plenty of onsite private parking.

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Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R05616003011000
Zoning: O&I
Property Located Between: Wrightsville Ave and Military Cut Off.
Property Visibility: Excellent
Airports: ilm
Site Description: Free Standing building minutes to Wrightsville Beach, onsite parking. 2 suites.
Area Description: Superb location and traffic count
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1997
Roof Type: Gable
Construction/Siding: Brick/Vinyl Siding
Exterior Description: .61 Acre LOT
Parking Type: Surface
Parking Description: On site
Total Parking Spaces: 20
Heat Type: Electricity
Air Conditioning: Other
Lot Frontage: 135
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: .61 Acres

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,270 53,425 117,504
Median Age: 41.93 36.8 36.8
Households: 1,946 21,956 50,192


Photograph of Listing Agent

Christian Cardamone

Keller Williams Realty NCCMLS Member
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