New Industrial Building Coming Soon

Industrial for Sale
Catylist Listing ID: 30050363
Property Subtypes: Flex Space, Free-Standing, Industrial-Business Park, Light Industrial, Office Showroom, Truck Terminal, Warehouse/Distribution
Building Status: Under Construction
Building Size (RSF): 14,000 SF
Gross Land Area: 1 - 2.50 Acres
Sale Price: $1,100,000
Unit Price: $78.57 PSF
Office SF: 1,400 SF
Drive In Bays: 1 Bay
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 14,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/16/2018

Overview / Comments

New Construction Warehouse with Showroom and small office. The building is currently under construction with 14,000 sf of space. 20' clear height in the building and the seller is planning on building out 10% of conditioned space, 2 restrooms, 1 drive in door and large double doors in the front to bring in showroom supplies. Plans can be modified if buyer acts fast. The building can be leased at $7/sf NNN.

The property is offered many different ways:
1. Lease the existing 12,000 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 12,000sf office building for $900,000.
5. Buy new construction warehouse 14,000sf for $1,100,000.
6. Buy both buildings + 5 acres for $2,100,000.

Attachments & Media

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: City of Wilmington
Tax ID/APN: 3125-17-3935.000
Zoning: IND
Property Located Between: On Raleigh Street next to Vertex
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 14,000 SF
Property Condition: Excellent
Year Built: 2017
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Zoning Description: Industrial
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,229 41,139 119,875
Median Age: 35.37 39.04 36.81
Households: 2,968 19,031 51,500
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