Kitty Hawk NNN

Industrial for Sale
Catylist Listing ID: 30341491
Property Subtypes: Free-Standing, Industrial-Business Park, Manufacturing, Light Industrial, Net Leased, Office Showroom, Warehouse/Distribution, Other
Building Size (RSF): 15,100 SF
Gross Land Area: 1.27 Acres
Sale Price: $1,500,000
Unit Price: $99.34 PSF
Ceiling: 16 ft. / 15 ft. Clear
Docks/Doors: 1 Dock, 3 Doors
Office SF: 3,820 SF
Drive In Bays: 2 Bays
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Hammerheads Indoor Practice Facility
Usable Size (USF): 15,100 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 9/18/2019

Overview / Comments

Property can be purchased for owner occupant or as NNN investement with lease in place through Feb 2020. Tenant willing to relocate. Property is currently being used as the indoor training facility for the Wilmington Hammerheads pro-am soccer team.

Warehouse area is air conditioned. The 3,821 sq ft of office/showroom.

TICAM Charges: 0.63 psf annually


Finance Data Year 2018
Net Operating Income $66,875 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: New Hanover Co
Tax ID/APN: R03400-001-039-000
Zoning: I-2
Property Located Between: Kitty Hawk Dr
Highway Access: 117/133 Easy access to I-40 & I-140
Airports: ILM - Wilmington international
Site Description: Flat lot with dock and drive-in doors in rear
Area Description: N Kerr Industrial Park - Good visibility
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 15,100 SF
Property Condition: Good
Year Built: 2003
Year Renovated: 2013
Roof Type: Gable
Construction/Siding: Brick/Aluminum Siding
Exterior Description: Metal and block building. Ample parking and lighting. Two Grade level and one dock level door.
Parking Type: Surface
Parking Description: Ample surface parking in both front and rear
Total Parking Spaces: 30
Eave Height: 14
Column Spacing: Clear span
X-Phase: 3-phase
Heat Type: Electricity
Air Conditioning: Package Unit
Lighting: Fluorescent
Internet Access: Cable
Zoning Description: I-2 allows heavy industrial
Part of Planned Development?: Yes
Lot Frontage: 150
Lot Depth: 340
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee
Legal Description: Lot 77 SEC 2-D NORTH KERR INDUSTRIAL PARK

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,182 28,754 86,314
Median Age: 38.6 35.2 34.32
Households: 862 11,416 35,946
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