Bradley Creek Station/Ground Floor

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30546121
Property Subtypes: Mixed Use, Restaurant, Other
Building Status: Under Construction
Condo? Yes
Building Size (RSF): 4,429 SF
Gross Building Area: 79,602 SF
Gross Land Area: 5.85 Acres
Sale Price: $225 PSF
Total Price: $996,525
Ceiling: 16 ft.
Property Use Type: Investment, Vacant/Owner-User
Building Name: Bradley Creek Station
Usable Size (USF): 3,880 SF
Core Factor: 1.15%
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/15/2020

Overview / Comments

Brokers, please see variable commission rates in Agent Notes.
BRADLEY CREEK STATION, Retail and Office Condo’ d Mixed Use Development. This new development is conveniently located on the 5800 block of Oleander Drive in the Seagate area of Wilmington. The building is comprised of 79,602 square feet, spread over three floors with 26,400 + square foot floor plates. The first floor is perfectly designed for retail to take advantage of the high traffic counts and visibility Oleander Drive has to offer along with huge amounts of residential density surrounding the property. The 2nd and 3rd floors are designed for Class A office space, with common area restrooms, two 3,500 lbs traction elevators and a multitude of windows for natural light. Suite sizes range from 1,800 usf up to 26,446 rsf and can be based on the tenant’s needs. Businesses that need signage have the ability to use the digital marquee on a rolling basis and have the ability to put signage on the building per local governmental code. Ease of access is always an important feature for any development, at Bradley Creek Station we have a full access stoplight to help with ingress and egress onto Oleander Drive. Not only is access important, parking plays an important role for the development. The development offers 5.8 parking spaces for every 1,000 usf. At Bradley Creek Station, a business owner has the ability to purchase their suite and build wealth through their business or they have the option to lease. Through the preleasing and selling efforts we have acquired a strong business base for the development; First Carolina Bank, Head To Toe Day Spa, Crabby Chic, Big Sky Design, and Angel Oak Mortgage to name a few.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: City of Wilmington
Tax ID/APN: 3146-89-9381.000
Is Condo?: Yes
Zoning: CB
Retail Clientele: General, Business
Property Visibility: Excellent
Traffic/Vehicle Count: 45,000
Highway Access: Hwy 74/76 Oleander Drive
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 26,400 SF
Property Condition: Excellent
Year Built: 2020
Roof Type: Flat
Construction/Siding: Steel Frame
Total Parking Spaces: 385
Parking Ratio: 5.9 (per 1000 SF)
Parking Type: Surface
Parking Description: First Come First Serve
Passenger Elevators: 2
Sprinklers: Wet
Heat Type: Electricity, Natural Gas
Heat Source: Central, Heat Pump
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Common area will be finished out.
Zoning Description: Community Business District
Lot Frontage: 505'
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,485 60,360 129,971
Median Age: 34.28 35.62 37.27
Households: 2,641 25,438 55,421
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