Bradley Creek Station/2nd Floor

Office for Sale
Catylist Listing ID: 30546125
Property Subtypes: Governmental, High-Tech, Institutional, Medical, Mixed Use, Net Leased, Office Building, Research & Development, Other
Building Status: Under Construction
Condo? Yes
Building Size (RSF): 5,818 SF
Gross Building Area: 79,602 SF
Gross Land Area: 5.85 Acres
Sale Price: $205 PSF
Total Price: $1,192,690
Ceiling: 14 ft.
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Building Name: Bradley Creek Station
Class of Space: Class A
Usable Size (USF): 5,097 SF
Core Factor: 1.15%
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/15/2020

Overview / Comments

Brokers, please see the variable commission schedule 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: 3146-99-0352.000
Is Condo?: Yes
Zoning: CB
Property Visibility: Excellent
Highway Access: Hwy 74/76 Oleander Dr
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 26,400 SF
Year Built: 2020
Roof Type: Flat
Construction/Siding: Steel Frame
Parking Ratio: 5.8 (per 1000 SF)
Parking Type: Surface
Parking Description: first come first serve
Total Parking Spaces: 385
Passenger Elevators: 2
Sprinklers: Wet
Heat Type: Electricity, Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Common areas to be finished out.
Zoning Description: cb
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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