*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)

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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


Photograph of Listing Agent

Julie Carpenter

Nest Realty NCCMLS Member
Photograph of Listing Agent

Eric Knight

Nest Realty NCCMLS Member
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