Atrium Office

Office for Sale
Sale Pending
Catylist Listing ID: 30728926
Property Subtypes: Business Park, Medical, Office Building
Status: Pending
Building Size (RSF): 2,112 SF
Gross Building Area: 635,540 SF
Sale Price: $600,000
Unit Price: $284.09 PSF
Property Use Type: Vacant/Owner-User
Building Name: The Atrium
Class of Space: Class A
Usable Size (USF): 2,112 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/1/2021

Overview / Comments

Opportunity to own your Class A office space located in the heart of the one of Wilmington's business growth areas. This 2112 Square Foot Business Condominium is located in the Landfall/Mayfaire Submarket. This well appointed office space has a flexible floor plan to accommodate many professional uses. The space is currently home to a physicians group and would be a natural transition for a similar use. It also could be modified to comply with a number of the many by-right uses permitted in the Regional Business area.

Extensive building common area interior and exterior up-grades are in process and and most have been completed. Updates include lobby flooring, interior and exterior landscaping, paint, and bathrooms. Ample parking available. The office space has many upgrades and custom features.

Owner must be able to work out a lease back or possession after closing up through September 30, 2021.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: City of Wilmington and New Hanover County
Tax ID/APN: R05612-009-008-000
Zoning: RB
Property Located Between: Military Cutoff and Eastwood Road
Property Visibility: Excellent
Highway Access: Hwy 17, I-40
Airports: ILM
Site Description: Office complex in business park
Area Description: Regional business area supporting medical, retail, consumer services and large residential and business developments
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 212 SF
Year Built: 1989
Year Renovated: 2021
Roof Type: Other
Construction/Siding: Other
Exterior Description: Concrete and Glass
Parking Type: Surface
Parking Description: Surface general parking lot
Passenger Elevators: 1
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: Medical office deco. Space consists of a lobby, restrooms, employee area, work stations, private offices and exam rooms.
Zoning Description: Sec. 18-195. - RB, Regional Business District. (a)  Purpose. This district is established to accommodate large commercial facilities offering goods and services meeting the needs of the city, county and regional residents. It is designed to locate at the intersections of major thoroughfares and occur in clustered patterns. The district is intended to encourage one-stop shopping at convenient and safely accessible locations See Attached Zoning Outline
Water Service: Municipal
Sewer Type: Municipal
Easements Description: COA
Land Ownership: The Atrium Landfall Office Condo
Legal Description: Unit 104R Atrium@ Landfall Office Condo Child of Split From R05612-009-008-000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,239 51,064 120,930
Median Age: 42.79 36.43 37.46
Households: 1,957 21,215 51,296

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