Vacant Office Condo For Sale/Lease - PNPC Unit 1B-R

Office for Sale
Catylist Listing ID: 30043737
Property Subtypes: High-Tech, Medical, Office Building, Other
Condo? Yes
Building Size (RSF): 4,985 SF
Gross Building Area: 60,000 SF
Gross Land Area: 3.90 Acres
Sale Price: $1,196,750
Ceiling: 10 ft.
Property Use Type: Vacant/Owner-User
Building Name: Porters Neck Professional Center
Class of Space: Class A
Usable Size (USF): 4,154 SF
Core Factor: 20%
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/10/2022

Overview / Comments

Porters Neck Professional Center is a premier three-story condominiumized office building totaling approximately 60,000 Square Feet. The property is located at 8115 Market Street in the dynamic Porters Neck submarket of Wilmington, North Carolina. The property has an excellent traffic pattern with a direct right-in, right-out access from Market Street and interconnectivity with the Bayshore Commons Shopping Center, which provides accessibility to a stoplight intersection. The property is zoned B-2 and located within the New Hanover County zoning district.

Current occupants in the building include UCG/Medac, EmergeOrtho, Wilmington Ear Nose & Throat, Benjamin Friberg, DDS, Matsumoto, DDS, PMG Research, Provis Media, and Samet Corporation. The building was originally constructed in 2006 with a modern and attractive design by architect, Michael Kersting. The building contains three stairwells and two elevators servicing all floors. Additionally, there are approximately 238 parking spaces available onsite. A variety of lease and/or purchase opportunities are available.

Unit 1B-R has an existing medical upfit with a recent remodel and ready for immediate occupancy. The ICAM is estimated at $3.00prsf reconciled annually. Taxes are paid separately and directly by the condo owner. This unit is available for sale and/or lease.

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Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: New Hanover County
Tax ID/APN: R03600-003-124-002
Is Condo?: Yes
Zoning: B-2
Property Visibility: Excellent
Highway Access: I-140 via Hwy 17 (half mile)
Airports: ILM-Wilmington International Airport-20 minutes
Parking Type: Surface
Total Parking Spaces: 238
Passenger Elevators: 2
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Other
Internet Access: Cable
Zoning Description: B-2 in New Hanover County
Lot Frontage: 180 ft
Lot Depth: 975 ft
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Medac Professional Center COA, Inc.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,578 26,010 60,787
Median Age: 36.52 39.63 38.09
Households: 1,110 10,589 24,281
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