Vacant Office Condos for Lease/Sale

Office for Lease
Catylist Listing ID: 30663532
Property Subtypes: Office Building, Other
Condo? Yes
Contiguous Space: 3,449 - 7,523 SF
Total Available: 15,874 SF
Building Size (RSF): 4,902 SF
Gross Building Area: 60,000 SF
Gross Land Area: 3.90 Acres
Lease Rate: $18 - 25 PSF (Annual)
Base Monthly Rent: $5,173 - 11,284
Lease Types: NNN
Ceiling: 10 ft.
Building Name: Porters Neck Professional Center
Class of Space: Class A
Usable Size (USF): 4,154 SF
Core Factor: 18%
Last Updated: 10/21/2021

Overview / Comments

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. Total TICAM is estimated at $3.75prsf reconciled annually.

Current occupants in the building include Medac, EmergeOrtho, and Benjamin Friberg, DDS, PLLC. 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.

Space 1B-R is also available for purchase for $1,196,750.00
Space 2C-X is also available for purchase for $495,000.00
Space 3C-R is also available for purchase for $1,025,000.00

Expand All 3 Spaces Available

Suite: 1B-R 4,902 SF $25 PSF (Annual) NNN
Suite: 2C-X 3,449 SF $18 PSF (Annual) NNN
Suite: 3C-R 7,523 SF $18 PSF (Annual) NNN

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: New Hanover County
Tax ID/APN: R03600-003-124-002
Zoning: B-2
Highway Access: I-140 via Hwy 17 (half mile)
Airports: ILM-Wilmington International Airport-20 minutes
Parking Type: Surface
Total Parking Spaces: 238
Passenger Elevators: 2
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Other
Internet Access: Cable
Zoning Description: B-2 in New Hanover County
Lot Frontage: 180 ft
Lot Depth: 975 ft
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Legal Description: MEDAC PROFESSIONAL CENTER CONDOMIMIUM UNITS 1A, 1B, 2A, 2B, 2C, 2D, 3A & 3B.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,578 26,010 60,787
Median Age: 36.52 39.63 38.09
Households: 1,110 10,589 24,281
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