101 N 3rd St - Office FOR SALE


Wilmington, NC 28401- Downtown Wilmington
$17,250,000 USD
910-344-1008
101 N 3rd St, Wilmington, NC for Sale
$17,250,000 USD
Office - FOR SALE
1/11
null | 7.77% Cap Rate

101 N 3rd St
Wilmington, NC 28401
Downtown Wilmington


HIGHLIGHTS

  • Stabilized & 100% occupied, multi-tenanted Class-A office building
  • 5+ YRS of weighted average lease term remaining - 59 Months WALT remaining (as of 10.1.2024)
  • Anchored by Truist Financial
  • Market vacancy rate is ~2% with rising rents (CoStar, July 2024)
  • Best in Class Tenants w/ diverse industries
  • Located in Historic Downtown Wilmington, NC

OVERVIEW

Cape Fear Commercial is pleased to present this offering for 101 N Third Street - a stabilized ±65.8k SF Class-A office building in Historic Wilmington, North Carolina. The building is 100% leased, with only 4.7% rolling over in the next 46 months and 59 Months WALT remaining (as of February 2025). Located on a premier corner in the heart of historic downtown Wilmington, this building is anchored by Truist Financial and has the highest caliber of tenant mix in the market. Full OM w/ financials available upon execution of attached CA.

FOR SALE DETAILS

PRICE

$17,250,000 USD

PRICE/SF

$251 USD /SF

CAP RATE

7.77%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Truist Office Sale - 100% Occupied

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

A

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

CBD

APN/PARCEL ID

R04817-017-011-000

ASK ABOUT THIS PROPERTY

Paul LoukasCape Fear CommercialMore Info
910-344-1008

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Paul LoukasCape Fear CommercialMore Info
910-344-1008

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.