219 Racine Drive - Investment Sale

Office for Sale
Sale Pending
Catylist Listing ID: 30314901
Property Subtypes: Office Building, Other
Status: Pending
Building Size (RSF): 12,000 SF
Sale Price: $1,325,000
Unit Price: $110.42 PSF
Property Use Type: Investment
Class of Space: Class B
Usable Size (USF): 12,000 SF
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 8/13/2018

Overview / Comments

+/- 12,000 SF fully-occupied investment property available for sale in the heart of popular midtown Wilmington, NC. Property is located on Racine Drive, one mile from the UNCW campus and easily accessible to Eastwood Road and S. College Road. Wrightsville Beach is a 5 minute drive from subject property. The property neighbors restaurants, retail shops, and other professional office buildings.

The building consists of nine rentable office spaces, with demonstrated high historical occupancy. Tenant mix includes numerous established professionals and service-based businesses. Some of these long standing tenants include: Coastal Kids Therapy, Robert Glenn & Associates, Robert Hochuli Attorney at Law, Comfort Keepers, Savers Marketing.

Please inquire for CA and financials.

Attachments & Media

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R05017-002-014-000
Zoning: O&I

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,235 61,975 138,030
Median Age: 27.87 33.49 36.77
Households: 3,947 26,719 58,965

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