Catylist ID:
#30799284
Retail Investment Sale - University Landing Unit 39
Retail-Commercial
for Sale
Sale Pending
| Catylist Listing ID: | 30799284 |
| Property Subtypes: | Mixed Use, Other |
| Status: | Pending |
| Building Size (RSF): | 2,205 SF |
| Sale Price: | $375,000 |
| Unit Price: | $170.07 PSF |
| In Opportunity Zone? | Yes |
| Property Use Type: | Investment |
| Building Name: | University Landing |
| Usable Size (USF): | 2,205 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 7.88% |
| Last Updated: | 5/10/2022 |
Overview / Comments
|
Investment sale for a retail condo near UNC Wilmington. The tenant, High Life Smoke Shop, has been operating in this location since 2008, and recently exercised their renewal option to extend their lease through July 2027. Located in University Landing, the property is situated adjacent to UNC Wilmington on South College Road, one of the region’s most prominent corridors. DISCLAIMER: Any sale and each term of sale of the Property will be contingent on the approval of the United States Bankruptcy Court for the Eastern District of North Carolina. |
Attachments & Media
Additional Details
| Nearest MSA: | Wilmington |
| County: | New Hanover |
| Tax ID/APN: | R05508-002-001-000 |
| Zoning: | RB (CITY OF WILMINGTON) |
| Tenancy: | Multiple Tenants |
| Number of Stories: | 1 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 11,239 | 69,804 | 141,920 |
| Median Age: | 24.77 | 34.11 | 36.86 |
| Households: | 4,001 | 30,203 | 61,177 |
Contact
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