Catylist ID:
#30662482
*New Lease Rate!* 4,310 SF Professional Office Space
Office
for Lease
| Catylist Listing ID: | 30662482 |
| Property Subtypes: | Executive Suites, High-Tech, Office Building, Research & Development, Other |
| Contiguous Space: | 4,310 SF |
| Building Size (RSF): | 4,310 SF |
| Gross Building Area: | 11,253 SF |
| Lease Rate: |
$6 - 11 PSF (Annual) |
| Base Monthly Rent: | $2,155 - 3,950 |
| Lease Types: | NN, Modified Gross |
| Class of Space: | Class B |
| Last Updated: | 4/9/2021 |
Overview / Comments
|
Second floor Class B office space 4,310 +/- SF in the central business district of downtown Wilmington with its own private entrance overlooking Princess Street. Tenants below in the building include Hell's Kitchen & Bar and Good Fellas. Space features 14 offices, most with windows, (2) large conference rooms, separate bathrooms, lounge/lobby, and break room with kitchenette. Space has been updated throughout with fresh paint, new floors, and windows. **Lease Rate has been significantly decreased due to what businesses faced from COVID this year. The new rate based on a 3 year lease term is: Year 1- $6/sf with all the TICAM (passthroughs) included Year 2- $8/sf with tenant picking up half the TICAM Year 3- Asking rate ($11/sf) with Tenant responsible for the TICAM. 3% escalations for every year after TICAM - $2.10 PSF (Anything longer than 3 years can sweeten the lease terms.) This location is very convenient for the general office user wanting to be downtown. Take a stroll down to the River Walk or get a bite to eat or drink at some of the popular restaurants and coffee shops that Wilmington has to offer. Just three blocks from Cape Fear Community College and one block from the New Hanover County Courthouse. Contact today to schedule a showing! |
Expand All Available Space
| Suite: 118c | 4,310 SF | $6 - 11 PSF (Annual) NN,Modified Gross |
| Space Available: | 4,310 SF | |
| Lease Rate: |
$6 - 11 PSF (Annual) $2,155 - 3,950 (Monthly) |
|
| Lease Type: | NN,Modified Gross | |
| Space Subcategory: | Office Building | |
| Date Available: | 5/1/2019 | |
| Space Type: | New | |
| Kitchen | Yes | |
| Operating Expenses | $2.10 PSF (Annual) | |
| Rent Escalators | Step-Up Lease | |
Additional Details
| Nearest MSA: | Wilmington |
| County: | New Hanover |
| Submarket Type: | Central Business District |
| Taxing Authority: | City of Wilmington - NHCO |
| Tax ID/APN: | 311708.78.9674.000 |
| Zoning: | CBD |
| Property Located Between: | North 2nd and Front Street |
| Property Visibility: | Excellent |
| Airports: | 4.3 Miles |
| Site Description: | This office space is located above Good Fellas and Hell's Kitchen. This space offers easy access and visibility along Princess Street. |
| Total Number of Buildings: | 1 |
| Number of Stories: | 2 |
| Year Built: | 1936 |
| Year Renovated: | 2019 |
| Construction/Siding: | Brick |
| Parking Type: | Other |
| Parking Description: | General public parking in front of building (2) parking garages are located just around the corner from the north and south side of the building. Parking passes can be purchased separately at a monthly rate. |
| Sprinklers: | Wet |
| Heat Type: | Electricity |
| Heat Source: | Central |
| Air Conditioning: | Engineered System |
| Internet Access: | Cable |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Legal Description: | (.15 A) PT LTS 1,2,3 BLK 165 WILMINGTON (WILLETTS BUILDING) |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 9,670 | 40,325 | 109,607 |
| Median Age: | 35.65 | 36.7 | 36.25 |
| Households: | 4,384 | 18,279 | 47,317 |
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