Investment Sale, Leased Office 1994 S.17th St Wilmington NC

Office for Sale
Catylist Listing ID: 30672051
Property Subtypes: Governmental, Office Building
Building Size (RSF): 9,940 SF
Gross Building Area: 10,000 SF
Gross Land Area: 1.35 Acres
Sale Price: $2,015,000
Unit Price: $202.72 PSF
Ceiling: 12 ft.
Property Use Type: Investment
Building Name: NC Works Career Center
Class of Space: Class B
Usable Size (USF): 9,940 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 1/22/2022

Overview / Comments

Investment Sale Leased Office Building in Medical district in Wilmington NC. The Cape fear Council of Governments has occupied this building since 2015 and has renewed their lease October 2020 for an additional 5 years with options to renew. The cape fear council of Governments is a Regional Council of Governments providing a variety of Federal, State and Local programs in the region covering Brunswick, Columbus, New Hanover and Pender counties. This asset is centrally located and two blocks from The New Hanover Medical Complex.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: New Hanover County
Tax ID/APN: R06007-004-001-002
Zoning: O-I-1
Property Located Between: Hyw 17
Property Visibility: Good
Airports: Wilmington International
Site Description: Site is 1.35 Acres strategically located in the growing office and medical district in Wilmington NC
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 10,000 SF
Year Built: 2001
Year Renovated: 2015
Construction/Siding: Block
Exterior Description: Solid Block and metal roof with store front glass. Low maintenance exterior.
Parking Type: Surface
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: Well appointed office space with conference and training facilities.
Zoning Description: O-I-1
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,253 66,188 137,740
Median Age: 41.57 36.12 36.45
Households: 5,214 30,908 59,191


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