250 Raleigh Street

Industrial for Sale
Catylist Listing ID: 30050364
Property Subtypes: Free-Standing, Industrial-Business Park, Manufacturing, Office Showroom, Research & Development, Warehouse/Distribution
Building Size (RSF): 13,000 SF
Gross Land Area: 1 - 2.50 Acres
Sale Price: $900,000
Unit Price: $69.23 PSF
Property Use Type: Vacant/Owner-User
Usable Size (USF): 13,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/16/2018

Overview / Comments

This property was the former Rose Furniture building for many years, the current owner has done a great job on renovating the interior and exterior of the building. The property can be sold with just the 13,000 sf building with land or sold with both 13,000sf building and the 14,000 sf building with the entire 5 +/- acres for 2 million or leased at $7/sf NNN. Owner is flexible and eager to make a deal happen.
The property is offered many different ways:
1. Lease the existing 13,000 sf office building with an acre or two of land. $9/sf
2. Lease the new construction 14,000 sf warehouse / flex space. $7/sf
3. Lease both buildings at a blended rate and have access to all 5 acres. $8/sf
4. Buy existing 13,000sf office building for $900,000.
5. Buy new construction warehouse 14,000sf for $1,100,000.
6. Buy both buildings + 5 acres for $2,000,000.

Attachments & Media

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: City of Wilmington
Tax ID/APN: r06500-007-052-000
Zoning: IND
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 13,000 SF
Property Condition: Excellent
Year Renovated: 2017
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: Industrial
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,697 42,129 122,276
Median Age: 32.38 39.06 36.62
Households: 1,795 19,468 52,544
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