Offices at Mayfaire I

Office for Sale
Catylist Listing ID: 30585247
Property Subtypes: Business Park, Mixed Use, Net Leased, Office Building
Condo? Yes
Building Size (RSF): 4,179 SF
Gross Building Area: 36,000 SF
Sale Price: $1,200,000
Ceiling: 10 ft.
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Offices at Mayfaire I
Class of Space: Class A
Usable Size (USF): 3,610 SF
Core Factor: 15.76%
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Average Occupancy Rate: 100
Last Updated: 7/6/2020

Overview / Comments

Do not disturb the tenant. Great location in the office portion of Mayfaire and a strong tenant for an income-producing property. Currently, the suite has 12 offices, 1 conference room, kitchenette, reception area, and large storage area. Restrooms are in the common areas of the building. This space provides for 1 sign on the parapet of the building and on the first floor of the building.

Current Tenants

Tenant Business Name Farm Bureau Insurance

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: City of Wilmington
Tax ID/APN: R05000-003-193-003
Is Condo?: Yes
Zoning: UMX
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 12,330 SF
Year Built: 2012
Roof Type: Flat
Construction/Siding: Steel Frame
Exterior Description: Brick
Parking Type: Surface
Parking Description: 4/1000 usf
Passenger Elevators: 1
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: umx
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,902 55,949 120,770
Median Age: 44.62 35.74 37.45
Households: 3,684 23,358 51,414
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