5512 Business Drive

Office for Sale
Catylist Listing ID: 30772435
Property Subtypes: Business Park, Flex Space, Office Building, Other, General
Building Size (RSF): 12,935 SF
Gross Land Area: 2.36 Acres
Sale Price: $2,400,000
Unit Price: $185.54 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Class of Space: Class B
Usable Size (USF): 12,935 SF
Sale Terms: Cash to Seller, Other
Cap Rate: 7.17%
Last Updated: 11/15/2021

Overview / Comments

Excellent opportunity to purchase an income-producing property in Murrayville Business Center located in the northern area of New Hanover County. The property offers easy/quick access to I-40 and the I-140 bypass, ample parking, and good visibility from Hwy 117.

There are two tenants in the building in which the owner does not want to disturb so please do not go to the property unannounced.

Financial information will be released after a buyer has been qualified and an NDA has been executed.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: New Hanover County
Tax ID/APN: 314909152900000
Zoning: NEW HANOVER COUNTY: B-1
Property Visibility: Excellent
Highway Access: I-40, I-140 Bypass and Hwy 117
Site Description: 2.36 acres zoned B1
Area Description: Murrayville Business Park
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 12,935 SF
Year Built: 1999
Parking Type: Surface
Parking Description: 11:1000 sf
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: two offices suites wiith common area restrooms and kitchen area
Zoning Description: B-1
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,106 40,784 105,929
Median Age: 39.78 35.02 35.13
Households: 1,980 17,248 45,067
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